1031 Exchange Pompey, New York

 

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

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