Rent, population, and median household income are important factors to consider for a 1031 exchange in Aliquippa due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Aliquippa, Pennsylvania is a part of the North Submarket submarket area, and contains zip code 15001.
Aliquippa Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Aliquippa, PA submarket area was $1,148, which is 17.26% lower than 2014 average rent. This represents a compounded annual growth rate of 3.24%. 2019 vacancy in Aliquippa, PA was 4.30%.
The total population of the city of Aliquippa, PA has decreased 5.62% since 2010. As of 2018, the population was 8,908. The median household income of the Aliquippa was $31,799, which is 47.26% lower than the national average.
- submarket area North Submarket
- avg rent $1,148
- rent growth 17.26%
- vacancy 4.30%
- median income $31,799
- population (2018) 8,908
- population growth -5.62%
- vs. nat'l avg 47.26%
- zip code 15001