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