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
