Surrounding submarket Area
Riga, New York is a part of the West Monroe/West Counties Submarket submarket area.
Riga Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Riga, NY submarket area was $903, which is 15.03% higher than 2014 average rent. This represents a compounded annual growth rate of 2.84%. 2019 vacancy in Riga, NY was 3.50%.
The total population of the city of Riga, NY has grown 0.89% since 2010. As of 2018, the population was 5,640. The median household income of the Riga was $68,931, which is 14.33% higher than the national average.
- submarket area West Monroe / West Counties Submarket
- avg rent $903
- rent growth 15.03%
- vacancy 3.50%
- median income $68,931
- population (2018) 5,640
- population growth 0.89%
- vs. nat'l avg 14.33%