Rent, population, and median household income are important factors to consider for a 1031 exchange in Mount Pleasant due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Mount Pleasant, New York is a part of the Central Westchester Submarket submarket area.
Mount Pleasant Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Mount Pleasant, NY submarket area was $2,791, which is 12.54% higher than 2014 average rent. This represents a compounded annual growth rate of 2.39%. 2019 vacancy in Mount Pleasant, NY was 5.50%.
The total population of the city of Mount Pleasant, NY has grown 2.89% since 2010. As of 2018, the population was 44,988. The median household income of the Mount Pleasant was $112,748, which is 87.00% higher than the national average.
- submarket area Central Westchester Submarket
- avg rent $2,791
- rent growth 12.54%
- vacancy 5.50%
- median income $112,748
- population (2018) 44,988
- population growth 2.89%
- vs. nat'l avg 87.00%