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1031 Exchange Allentown, Pennsylvania

 

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

Surrounding metropolitan Area

Allentown, Pennsylvania is a part of the Allentown? Bethlehem? Easton, PA metropolitan area, and contains 8 zip codes, including: 18101, 18104, 18103, 18109, 18106, and 18195.

Allentown Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Allentown, PA metropolitan area was $1,120, which is 18.39% lower than 2014 average rent. This represents a compounded annual growth rate of 3.43%. 2019 vacancy in Allentown, PA was 2.30%.

The total population of the city of Allentown, PA has grown 2.88% since 2010. As of 2018, the population was 121,433. The median household income of the Allentown was $40,490, which is 32.84% lower than the national average.

  • metropolitan area Allentown? Bethlehem? Easton, PA
  • avg rent $1,120
  • rent growth 18.39%
  • vacancy 2.30%
  • median income $40,490
  • population (2018) 121,433
  • population growth 2.88%
  • vs. nat'l avg 32.84%
  • zip codes 18101 18102 18103 18104 18105 18106 18109 18195

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