1031 Exchange Port Chester, New York

 

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

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