Rent, population, and median household income are important factors to consider for a 1031 exchange in Scarsdale due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Scarsdale, New York is a part of the Central Westchester Submarket submarket area, and contains zip code 10583.
Scarsdale Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Scarsdale, NY submarket area was $2,791, which is 12.54% higher than 2014 average rent. This represents a compounded annual growth rate of 2.39%. 2019 vacancy in Scarsdale, NY was 5.50%.
The total population of the city of Scarsdale, NY has grown 4.06% since 2010. As of 2018, the population was 17,863. The median household income of the Scarsdale was $250,000, which is 314.64% higher than the national average.
- submarket area Central Westchester Submarket
- avg rent $2,791
- rent growth 12.54%
- vacancy 5.50%
- median income $250,000
- population (2018) 17,863
- population growth 4.06%
- vs. nat'l avg 314.64%
- zip code 10583