Rent, population, and median household income are important factors to consider for a 1031 exchange in Cheltenham due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Cheltenham, Pennsylvania is a part of the Moreland/Abington/Upper Dublin Submarket submarket area, and contains zip code 19012.
Cheltenham Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Cheltenham, PA submarket area was $1,629, which is 22.76% higher than 2014 average rent. This represents a compounded annual growth rate of 4.19%. 2019 vacancy in Cheltenham, PA was 3.50%.
The total population of the city of Cheltenham, PA has grown 1.16% since 2010. As of 2018, the population was 37,219. The median household income of the Cheltenham was $80,174, which is 32.97% higher than the national average.
- submarket area Moreland / Abington / Upper Dublin Submarket
- avg rent $1,629
- rent growth 22.76%
- vacancy 3.50%
- median income $80,174
- population (2018) 37,219
- population growth 1.16%
- vs. nat'l avg 32.97%
- zip code 19012
