Rent, population, and median household income are important factors to consider for a 1031 exchange in Valley Stream due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Valley Stream, New York is a part of the Nassau County Submarket submarket area, and contains 3 zip codes: 11581, 11582, and 11580.
Valley Stream Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Valley Stream, 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 Valley Stream, NY was 4.40%.
The total population of the city of Valley Stream, NY has grown 0.03% since 2010. As of 2018, the population was 37,523. The median household income of the Valley Stream was $104,773, which is 73.77% higher than the national average.
- submarket area Nassau County Submarket
- avg rent $2,406
- rent growth 23.96%
- vacancy 4.40%
- median income $104,773
- population (2018) 37,523
- population growth 0.03%
- vs. nat'l avg 73.77%
- zip codes 11580 11581 11582