1031 Exchange Buckingham, Pennsylvania

 

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

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