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1031 Exchange Yorktown, New York

 

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

Surrounding submarket Area

Yorktown, New York is a part of the Northern Westchester Submarket submarket area.

Yorktown Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Yorktown, NY submarket area was $1,858, which is 31.96% higher than 2014 average rent. This represents a compounded annual growth rate of 5.70%. 2019 vacancy in Yorktown, NY was 2.90%.

The total population of the city of Yorktown, NY has grown 0.87% since 2010. As of 2018, the population was 36,394. The median household income of the Yorktown was $121,471, which is 101.47% higher than the national average.

  • submarket area Northern Westchester Submarket
  • avg rent $1,858
  • rent growth 31.96%
  • vacancy 2.90%
  • median income $121,471
  • population (2018) 36,394
  • population growth 0.87%
  • vs. nat'l avg 101.47%

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