1031 Exchange Poughkeepsie/Dutchess County, New York

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Poughkeepsie/Dutchess County due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Poughkeepsie/Dutchess County, New York is a part of the Poughkeepsie-Newburgh-Middletown, NY metropolitan area, and contains 39 zip codes, including: 12506, 12572, 12546, 12582, 12569, and 12533.

Poughkeepsie/Dutchess County Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Poughkeepsie/Dutchess County, NY metropolitan area was $1,478, which is 21.45% lower than 2014 average rent. This represents a compounded annual growth rate of 3.96%. 2019 vacancy in Poughkeepsie/Dutchess County, NY was 3.10%.

The total population of the city of Poughkeepsie/Dutchess County, NY has decreased 6.93% since 2010. As of 2018, the population was 30,469. The median household income of the Poughkeepsie/Dutchess County was $42,296, which is 29.85% lower than the national average.

  • metropolitan area Poughkeepsie-Newburgh-Middletown, NY
  • avg rent $1,478
  • rent growth 21.45%
  • vacancy 3.10%
  • median income $42,296
  • population (2018) 30,469
  • population growth -6.93%
  • vs. nat'l avg 29.85%
  • zip codes 12501 12504 12506 12507 12508 12510 12511 12512 12514 12522 12524 12527 12531 12533 12537 12538 12540 12545 12546 12564 12567 12569 12570 12571 12572 12574 12578 12580 12581 12582 12583 12585 12590 12592 12594 12601 12602 12603 12604

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