Rent, population, and median household income are important factors to consider for a 1031 exchange in Ossining due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Ossining, New York is a part of the Northern Westchester Submarket submarket area, and contains zip code 10562.
Ossining Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Ossining, NY submarket area was $1,858, which is 31.96% higher than 2014 average rent. This represents a compounded annual growth rate of 5.70%. 2019 vacancy in Ossining, NY was 2.90%.
The total population of the city of Ossining, NY has decreased 0.25% since 2010. As of 2018, the population was 24,998. The median household income of the Ossining was $67,841, which is 12.52% higher than the national average.
- submarket area Northern Westchester Submarket
- avg rent $1,858
- rent growth 31.96%
- vacancy 2.90%
- median income $67,841
- population (2018) 24,998
- population growth -0.25%
- vs. nat'l avg 12.52%
- zip code 10562
