Rent, population, and median household income are important factors to consider for a 1031 exchange in Clairton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Clairton, Pennsylvania is a part of the Upper St. Clair/Bethel Park/Jefferson Submarket submarket area, and contains zip code 15025.
Clairton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Clairton, PA submarket area was $994, which is 19.18% lower than 2014 average rent. This represents a compounded annual growth rate of 3.57%. 2019 vacancy in Clairton, PA was 2.60%.
The total population of the city of Clairton, PA has decreased 3.38% since 2010. As of 2018, the population was 6,566. The median household income of the Clairton was $31,374, which is 47.96% lower than the national average.
- submarket area Upper St. Clair / Bethel Park / Jefferson Submarket
- avg rent $994
- rent growth 19.18%
- vacancy 2.60%
- median income $31,374
- population (2018) 6,566
- population growth -3.38%
- vs. nat'l avg 47.96%
- zip code 15025