1031 Exchange Glenolden, Pennsylvania

 

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

Surrounding submarket Area

Glenolden, Pennsylvania is a part of the East Delaware County Submarket submarket area, and contains zip code 19036.

Glenolden Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Glenolden, PA submarket area was $959, which is 12.03% lower than 2014 average rent. This represents a compounded annual growth rate of 2.30%. 2019 vacancy in Glenolden, PA was 1.80%.

The total population of the city of Glenolden, PA has decreased 0.17% since 2010. As of 2018, the population was 7,141. The median household income of the Glenolden was $59,274, which is 1.69% lower than the national average.

  • submarket area East Delaware County Submarket
  • avg rent $959
  • rent growth 12.03%
  • vacancy 1.80%
  • median income $59,274
  • population (2018) 7,141
  • population growth -0.17%
  • vs. nat'l avg 1.69%
  • zip code 19036

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