Rent, population, and median household income are important factors to consider for a 1031 exchange in Conshohocken due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Conshohocken, Pennsylvania is a part of the Norristown/Plymouth/Norriton Submarket submarket area, and contains zip codes 19428 and 19429.
Conshohocken Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Conshohocken, PA submarket area was $1,498, which is 21.10% higher than 2014 average rent. This represents a compounded annual growth rate of 3.90%. 2019 vacancy in Conshohocken, PA was 4.70%.
The total population of the city of Conshohocken, PA has grown 2.96% since 2010. As of 2018, the population was 8,065. The median household income of the Conshohocken was $85,861, which is 42.41% higher than the national average.
- submarket area Norristown / Plymouth / Norriton Submarket
- avg rent $1,498
- rent growth 21.10%
- vacancy 4.70%
- median income $85,861
- population (2018) 8,065
- population growth 2.96%
- vs. nat'l avg 42.41%
- zip codes 19428 19429