Rent, population, and median household income are important factors to consider for a 1031 exchange in Deptford due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Deptford, Pennsylvania is a part of the Gloucester County Submarket submarket area.
Deptford Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Deptford, PA submarket area was $1,114, which is 8.68% higher than 2014 average rent. This represents a compounded annual growth rate of 1.68%. 2019 vacancy in Deptford, PA was 2.70%.
The total population of the city of Deptford, PA has decreased 0.43% since 2010. As of 2018, the population was 30,430. The median household income of the Deptford was $70,957, which is 17.69% higher than the national average.
- submarket area Gloucester County Submarket
- avg rent $1,114
- rent growth 8.68%
- vacancy 2.70%
- median income $70,957
- population (2018) 30,430
- population growth -0.43%
- vs. nat'l avg 17.69%