Multifamily Home Statistics:
Average Cap Rate in this neighborhood is 6.20%.
Average Market Rent is $2,500.00. 43.12% of the properties are owner occupied and 56.88% tenant occupied.
Average Rent Vacancy Rate is 5.55%. National average is approx. 6.8%
Very walkable score at 78%, a walker’s dream with a below mid-range crime rate at 42%.
White Plains, NY
White Plains is a larger medium-sized city located in the state of New York. With a population of 58,109 people and 17 constituent neighborhoods, White Plains is the 16th largest community in New York. White Plains home prices are not only among the most expensive in New York, but White Plains real estate also consistently ranks among the most expensive in America. White Plains is a decidedly white-collar city, with fully 87.53% of the workforce employed in white-collar jobs, well above the national average. Overall, White Plains is a city of professionals, managers, and service providers. One thing noticeable about White Plains, although not a huge city, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because White Plains is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes White Plains a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. Like elsewhere in America, most people in White Plains use a private automobile to get to work. But notably, a substantial number of White Plain’s citizens do make use of public transit in their daily commute, primarily riding the train. This helps more people get to work with less air pollution, and require fewer highways to get them there. White Plains is an extremely ethnically-diverse city.