1031 Exchange Rockville, New York

 

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

Surrounding submarket Area

Rockville, New York is a part of the Nassau County Submarket submarket area.

Rockville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Rockville, NY submarket area was $2,406, which is 23.96% higher than 2014 average rent. This represents a compounded annual growth rate of 4.39%. 2019 vacancy in Rockville, NY was 4.40%.

The total population of the city of Rockville, NY has grown 2.41% since 2010. As of 2018, the population was 24,602. The median household income of the Rockville was $114,483, which is 89.88% higher than the national average.

  • submarket area Nassau County Submarket
  • avg rent $2,406
  • rent growth 23.96%
  • vacancy 4.40%
  • median income $114,483
  • population (2018) 24,602
  • population growth 2.41%
  • vs. nat'l avg 89.88%

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