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%
