1031 Exchange Concord, Pennsylvania

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Concord due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Concord, Pennsylvania is a part of the West Delaware Submarket submarket area, and contains zip code 17217.

Concord Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Concord, PA submarket area was $1,219, which is 24.26% higher than 2014 average rent. This represents a compounded annual growth rate of 4.44%. 2019 vacancy in Concord, PA was 3.70%.

The total population of the city of Concord, PA has grown 3.61% since 2010. As of 2018, the population was 17,853. The median household income of the Concord was $105,579, which is 75.11% higher than the national average.

  • submarket area West Delaware Submarket
  • avg rent $1,219
  • rent growth 24.26%
  • vacancy 3.70%
  • median income $105,579
  • population (2018) 17,853
  • population growth 3.61%
  • vs. nat'l avg 75.11%
  • zip code 17217

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