1031 Exchange Economy, Pennsylvania


Rent, population, and median household income are important factors to consider for a 1031 exchange in Economy due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Economy, Pennsylvania is a part of the North Submarket submarket area.

Economy Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Economy, PA submarket area was $1,148, which is 17.26% higher than 2014 average rent. This represents a compounded annual growth rate of 3.24%. 2019 vacancy in Economy, PA was 4.30%.

The total population of the city of Economy, PA has grown 1.61% since 2010. As of 2018, the population was 9,114. The median household income of the Economy was $80,208, which is 33.03% higher than the national average.

  • submarket area North Submarket
  • avg rent $1,148
  • rent growth 17.26%
  • vacancy 4.30%
  • median income $80,208
  • population (2018) 9,114
  • population growth 1.61%
  • vs. nat'l avg 33.03%

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