1031 Exchange Mount Pleasant, New York

 

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%

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