Rent, population, and median household income are important factors to consider for a 1031 exchange in Collingdale due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Collingdale, Pennsylvania is a part of the East Delaware County Submarket submarket area.
Collingdale Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Collingdale, PA submarket area was $959, which is 12.03% lower than 2014 average rent. This represents a compounded annual growth rate of 2.30%. 2019 vacancy in Collingdale, PA was 1.80%.
The total population of the city of Collingdale, PA has decreased 0.16% since 2010. As of 2018, the population was 8,772. The median household income of the Collingdale was $52,461, which is 12.99% lower than the national average.
- submarket area East Delaware County Submarket
- avg rent $959
- rent growth 12.03%
- vacancy 1.80%
- median income $52,461
- population (2018) 8,772
- population growth -0.16%
- vs. nat'l avg 12.99%