Rent, population, and median household income are important factors to consider for a 1031 exchange in Port Chester due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Port Chester, New York is a part of the Central Westchester Submarket submarket area, and contains zip code 10573.
Port Chester Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Port Chester, 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 Port Chester, NY was 5.50%.
The total population of the city of Port Chester, NY has grown 1.09% since 2010. As of 2018, the population was 29,282. The median household income of the Port Chester was $65,317, which is 8.33% higher than the national average.
- submarket area Central Westchester Submarket
- avg rent $2,791
- rent growth 12.54%
- vacancy 5.50%
- median income $65,317
- population (2018) 29,282
- population growth 1.09%
- vs. nat'l avg 8.33%
- zip code 10573
