Rent, population, and median household income are important factors to consider for a 1031 exchange in Buckingham due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Buckingham, Pennsylvania is a part of the Upper Bucks County Submarket submarket area, and contains zip code 18912.
Buckingham Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Buckingham, PA submarket area was $1,307, which is 9.92% higher than 2014 average rent. This represents a compounded annual growth rate of 1.91%. 2019 vacancy in Buckingham, PA was 3.00%.
The total population of the city of Buckingham, PA has grown 0.92% since 2010. As of 2018, the population was 20,260. The median household income of the Buckingham was $143,919, which is 138.70% higher than the national average.
- submarket area Upper Bucks County Submarket
- avg rent $1,307
- rent growth 9.92%
- vacancy 3.00%
- median income $143,919
- population (2018) 20,260
- population growth 0.92%
- vs. nat'l avg 138.70%
- zip code 18912
