1031 Exchange Bensalem, Pennsylvania

 

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

Surrounding submarket Area

Bensalem, Pennsylvania is a part of the Torresdale/Bensalem Submarket submarket area, and contains zip code 19020.

Bensalem Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bensalem, PA submarket area was $1,123, which is 12.86% higher than 2014 average rent. This represents a compounded annual growth rate of 2.45%. 2019 vacancy in Bensalem, PA was 2.30%.

The total population of the city of Bensalem, PA has grown 0.32% since 2010. As of 2018, the population was 60,622. The median household income of the Bensalem was $63,943, which is 6.05% higher than the national average.

  • submarket area Torresdale / Bensalem Submarket
  • avg rent $1,123
  • rent growth 12.86%
  • vacancy 2.30%
  • median income $63,943
  • population (2018) 60,622
  • population growth 0.32%
  • vs. nat'l avg 6.05%
  • zip code 19020

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