Rent, population, and median household income are important factors to consider for a 1031 exchange in Doylestown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Doylestown, Pennsylvania is a part of the Upper Bucks County Submarket submarket area, and contains zip codes 18901 and 18902.
Doylestown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Doylestown, PA submarket area was $1,307, which is 9.92% higher than 2014 average rent. This represents a compounded annual growth rate of 1.91%. 2019 vacancy in Doylestown, PA was 3.00%.
The total population of the city of Doylestown, PA has decreased 0.78% since 2010. As of 2018, the population was 17,428. The median household income of the Doylestown was $112,284, which is 86.23% higher than the national average.
- submarket area Upper Bucks County Submarket
- avg rent $1,307
- rent growth 9.92%
- vacancy 3.00%
- median income $112,284
- population (2018) 17,428
- population growth -0.78%
- vs. nat'l avg 86.23%
- zip codes 18901 18902
