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1031 Exchange Bristol, Pennsylvania

 

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

Surrounding submarket Area

Bristol, Pennsylvania is a part of the Lower Bucks Submarket submarket area, and contains zip code 19007.

Bristol Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bristol, PA submarket area was $1,229, which is 20.25% higher than 2014 average rent. This represents a compounded annual growth rate of 3.76%. 2019 vacancy in Bristol, PA was 2.30%.

The total population of the city of Bristol, PA has decreased 1.75% since 2010. As of 2018, the population was 53,625. The median household income of the Bristol was $63,335, which is 5.05% higher than the national average.

  • submarket area Lower Bucks Submarket
  • avg rent $1,229
  • rent growth 20.25%
  • vacancy 2.30%
  • median income $63,335
  • population (2018) 53,625
  • population growth -1.75%
  • vs. nat'l avg 5.05%
  • zip code 19007

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