Rent, population, and median household income are important factors to consider for a 1031 exchange in Pompey due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pompey, New York is a part of the Outer Onondaga/South Submarket submarket area, and contains zip code 13138.
Pompey Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pompey, NY submarket area was $924, which is 25.20% higher than 2014 average rent. This represents a compounded annual growth rate of 4.60%. 2019 vacancy in Pompey, NY was 3.90%.
The total population of the city of Pompey, NY has grown 2.81% since 2010. As of 2018, the population was 7,279. The median household income of the Pompey was $114,804, which is 90.41% higher than the national average.
- submarket area Outer Onondaga / South Submarket
- avg rent $924
- rent growth 25.20%
- vacancy 3.90%
- median income $114,804
- population (2018) 7,279
- population growth 2.81%
- vs. nat'l avg 90.41%
- zip code 13138