Rent, population, and median household income are important factors to consider for a 1031 exchange in Downingtown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Downingtown, Pennsylvania is a part of the West Chester Submarket submarket area, and contains zip code 19335.
Downingtown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Downingtown, PA submarket area was $1,351, which is 21.38% higher than 2014 average rent. This represents a compounded annual growth rate of 3.95%. 2019 vacancy in Downingtown, PA was 1.90%.
The total population of the city of Downingtown, PA has grown 0.46% since 2010. As of 2018, the population was 7,927. The median household income of the Downingtown was $61,417, which is 1.86% higher than the national average.
- submarket area West Chester Submarket
- avg rent $1,351
- rent growth 21.38%
- vacancy 1.90%
- median income $61,417
- population (2018) 7,927
- population growth 0.46%
- vs. nat'l avg 1.86%
- zip code 19335