Rent, population, and median household income are important factors to consider for a 1031 exchange in Webster due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Webster, New York is a part of the Irondequoit/Webster Submarket submarket area, and contains zip code 14580.
Webster Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Webster, NY submarket area was $984, which is 18.70% higher than 2014 average rent. This represents a compounded annual growth rate of 3.49%. 2019 vacancy in Webster, NY was 5.00%.
The total population of the city of Webster, NY has grown 5.25% since 2010. As of 2018, the population was 44,878. The median household income of the Webster was $79,225, which is 31.40% higher than the national average.
- submarket area Irondequoit / Webster Submarket
- avg rent $984
- rent growth 18.70%
- vacancy 5.00%
- median income $79,225
- population (2018) 44,878
- population growth 5.25%
- vs. nat'l avg 31.40%
- zip code 14580