1031 Exchange Ridgeway, New York

 

Surrounding submarket Area

Ridgeway, New York is a part of the West Monroe/West Counties Submarket submarket area.

Ridgeway Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Ridgeway, NY submarket area was $903, which is 15.03% lower than 2014 average rent. This represents a compounded annual growth rate of 2.84%. 2019 vacancy in Ridgeway, NY was 3.50%.

The total population of the city of Ridgeway, NY has decreased 6.21% since 2010. As of 2018, the population was 6,359. The median household income of the Ridgeway was $50,095, which is 16.91% lower than the national average.

  • submarket area West Monroe / West Counties Submarket
  • avg rent $903
  • rent growth 15.03%
  • vacancy 3.50%
  • median income $50,095
  • population (2018) 6,359
  • population growth -6.21%
  • vs. nat'l avg 16.91%

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