Rent, population, and median household income are important factors to consider for a 1031 exchange in Brookhaven due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Brookhaven, Pennsylvania is a part of the West Delaware Submarket submarket area, and contains zip code 19015.
Brookhaven Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Brookhaven, PA submarket area was $1,219, which is 24.26% higher than 2014 average rent. This represents a compounded annual growth rate of 4.44%. 2019 vacancy in Brookhaven, PA was 3.70%.
The total population of the city of Brookhaven, PA has grown 0.25% since 2010. As of 2018, the population was 8,026. The median household income of the Brookhaven was $65,068, which is 7.92% higher than the national average.
- submarket area West Delaware Submarket
- avg rent $1,219
- rent growth 24.26%
- vacancy 3.70%
- median income $65,068
- population (2018) 8,026
- population growth 0.25%
- vs. nat'l avg 7.92%
- zip code 19015