1031 Exchange White Plains, New York

 

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

Surrounding submarket Area

White Plains, New York is a part of the Central Westchester Submarket submarket area, and contains 7 zip codes, including: 16062, 10607, 16061, 10606, 10603, and 10610.

White Plains Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the White Plains, 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 White Plains, NY was 5.50%.

The total population of the city of White Plains, NY has grown 2.21% since 2010. As of 2018, the population was 58,111. The median household income of the White Plains was $84,415, which is 40.01% higher than the national average.

  • submarket area Central Westchester Submarket
  • avg rent $2,791
  • rent growth 12.54%
  • vacancy 5.50%
  • median income $84,415
  • population (2018) 58,111
  • population growth 2.21%
  • vs. nat'l avg 40.01%
  • zip codes 16061 16062 10603 10605 10606 10607 10610

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