Rent, population, and median household income are important factors to consider for a 1031 exchange in Lysander due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lysander, New York is a part of the North/Airport Submarket submarket area.
Lysander Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lysander, NY submarket area was $912, which is 14.72% higher than 2014 average rent. This represents a compounded annual growth rate of 2.78%. 2019 vacancy in Lysander, NY was 4.80%.
The total population of the city of Lysander, NY has grown 5.32% since 2010. As of 2018, the population was 22,916. The median household income of the Lysander was $83,048, which is 37.74% higher than the national average.
- submarket area North / Airport Submarket
- avg rent $912
- rent growth 14.72%
- vacancy 4.80%
- median income $83,048
- population (2018) 22,916
- population growth 5.32%
- vs. nat'l avg 37.74%
