Rent, population, and median household income are important factors to consider for a 1031 exchange in Oyster Bar due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Oyster Bar, New York is a part of the Nassau County Submarket submarket area.
Oyster Bar Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Oyster Bar, 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 Oyster Bar, NY was 4.40%.
The total population of the city of Oyster Bar, NY has grown 1.76% since 2010. As of 2018, the population was 298,388. The median household income of the Oyster Bar was $124,828, which is 107.04% higher than the national average.
- submarket area Nassau County Submarket
- avg rent $2,406
- rent growth 23.96%
- vacancy 4.40%
- median income $124,828
- population (2018) 298,388
- population growth 1.76%
- vs. nat'l avg 107.04%
