Rent, population, and median household income are important factors to consider for a 1031 exchange in Coatesville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Coatesville, Pennsylvania is a part of the West Chester Submarket submarket area, and contains zip code 19320.
Coatesville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Coatesville, PA submarket area was $1,351, which is 21.38% lower than 2014 average rent. This represents a compounded annual growth rate of 3.95%. 2019 vacancy in Coatesville, PA was 1.90%.
The total population of the city of Coatesville, PA has grown 0.11% since 2010. As of 2018, the population was 13,114. The median household income of the Coatesville was $39,577, which is 34.36% lower than the national average.
- submarket area West Chester Submarket
- avg rent $1,351
- rent growth 21.38%
- vacancy 1.90%
- median income $39,577
- population (2018) 13,114
- population growth 0.11%
- vs. nat'l avg 34.36%
- zip code 19320