1031 Exchange Westchester County, New York

 

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

Surrounding metropolitan Area

The Westchester County, New York metropolitan area contains 81 zip codes, including: 10706, 10536, 10540, 10709, 10517, and 10562.

Westchester County Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Westchester County, NY metropolitan area was $2,255, which is 17.63% higher than 2014 average rent. This represents a compounded annual growth rate of 3.30%. 2019 vacancy in Westchester County, NY was 4.60%.

The total population of the city of Westchester County, NY has grown 1.95% since 2010. As of 2018, the population was 967,612. The median household income of the Westchester County was $92,758, which is 53.85% higher than the national average.

  • metropolitan area
  • avg rent $2,255
  • rent growth 17.63%
  • vacancy 4.60%
  • median income $92,758
  • population (2018) 967,612
  • population growth 1.95%
  • vs. nat'l avg 53.85%
  • zip codes 10501 10502 10503 10504 10505 10506 10507 10510 10511 10514 10517 10518 10519 10520 10521 10522 10523 10526 10527 10528 10530 10532 10533 10535 10536 10538 10540 10543 10545 10546 10547 10548 10549 10550 10551 10552 10553 10560 10562 10566 10567 10570 10573 10576 10577 10578 10580 10583 10587 10588 10589 10590 10591 10594 10595 10596 10597 10598 10601 10602 10603 10604 10605 10606 10607 10610 10701 10702 10703 10704 10705 10706 10707 10708 10709 10710 10801 10802 10803 10804 10805

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