1031 Exchange Riga, New York

 

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%

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand