Rent, population, and median household income are important factors to consider for a 1031 exchange in Massapequa due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Massapequa, New York is a part of the Nassau County Submarket submarket area, and contains zip code 11758.
Massapequa Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Massapequa, NY submarket area was $2,406, which is 23.96% higher than 2014 average rent. This represents a compounded annual growth rate of 4.39%. 2019 vacancy in Massapequa, NY was 4.40%.
The total population of the city of Massapequa, NY has grown 0.49% since 2010. As of 2018, the population was 17,091. The median household income of the Massapequa was $125,206, which is 107.66% higher than the national average.
- submarket area Nassau County Submarket
- avg rent $2,406
- rent growth 23.96%
- vacancy 4.40%
- median income $125,206
- population (2018) 17,091
- population growth 0.49%
- vs. nat'l avg 107.66%
- zip code 11758