Rent, population, and median household income are important factors to consider for a 1031 exchange in Manlius due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Manlius, New York is a part of the Outer Onondaga/South Submarket submarket area, and contains zip code 13104.
Manlius Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Manlius, NY submarket area was $924, which is 25.20% higher than 2014 average rent. This represents a compounded annual growth rate of 4.60%. 2019 vacancy in Manlius, NY was 3.90%.
The total population of the city of Manlius, NY has decreased 1.96% since 2010. As of 2018, the population was 31,737. The median household income of the Manlius was $80,068, which is 32.80% higher than the national average.
- submarket area Outer Onondaga / South Submarket
- avg rent $924
- rent growth 25.20%
- vacancy 3.90%
- median income $80,068
- population (2018) 31,737
- population growth -1.96%
- vs. nat'l avg 32.80%
- zip code 13104