Rent, population, and median household income are important factors to consider for a 1031 exchange in Bethel Park due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Bethel Park, Pennsylvania is a part of the Upper St. Clair/Bethel Park/Jefferson Submarket submarket area, and contains zip code 15102.
Bethel Park Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Bethel Park, PA submarket area was $994, which is 19.18% higher than 2014 average rent. This represents a compounded annual growth rate of 3.57%. 2019 vacancy in Bethel Park, PA was 2.60%.
The total population of the city of Bethel Park, PA has grown 0.58% since 2010. As of 2018, the population was 32,501. The median household income of the Bethel Park was $75,636, which is 25.45% higher than the national average.
- submarket area Upper St. Clair / Bethel Park / Jefferson Submarket
- avg rent $994
- rent growth 19.18%
- vacancy 2.60%
- median income $75,636
- population (2018) 32,501
- population growth 0.58%
- vs. nat'l avg 25.45%
- zip code 15102