1031 Exchange Lyons, New York


Rent, population, and median household income are important factors to consider for a 1031 exchange in Lyons due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Lyons, New York is a part of the Southeast Monroe/East Counties Submarket submarket area, and contains zip code 14489.

Lyons Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lyons, NY submarket area was $1,192, which is 20.89% lower than 2014 average rent. This represents a compounded annual growth rate of 3.87%. 2019 vacancy in Lyons, NY was 4.60%.

The total population of the city of Lyons, NY has decreased 4.68% since 2010. As of 2018, the population was 5,416. The median household income of the Lyons was $54,274, which is 9.98% lower than the national average.

  • submarket area Southeast Monroe / East Counties Submarket
  • avg rent $1,192
  • rent growth 20.89%
  • vacancy 4.60%
  • median income $54,274
  • population (2018) 5,416
  • population growth -4.68%
  • vs. nat'l avg 9.98%
  • zip code 14489

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