Rent, population, and median household income are important factors to consider for a 1031 exchange in Glassboro due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Glassboro, Pennsylvania is a part of the Gloucester County Submarket submarket area.
Glassboro Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Glassboro, 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 Glassboro, PA was 2.70%.
The total population of the city of Glassboro, PA has grown 7.61% since 2010. As of 2018, the population was 19,992. The median household income of the Glassboro was $71,962, which is 19.35% higher than the national average.
- submarket area Gloucester County Submarket
- avg rent $1,114
- rent growth 8.68%
- vacancy 2.70%
- median income $71,962
- population (2018) 19,992
- population growth 7.61%
- vs. nat'l avg 19.35%