1031 Exchange Aliquippa, Pennsylvania

 

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

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