Rent, population, and median household income are important factors to consider for a 1031 exchange in Harrisburg due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Harrisburg, Pennsylvania is a part of the Harrisburg-Carlisle, PA metropolitan area, and contains 26 zip codes, including: 17124, 17177, 17107, 17122, 17108, and 17102.
Harrisburg Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Harrisburg, PA metropolitan area was $992, which is 16.30% lower than 2014 average rent. This represents a compounded annual growth rate of 3.07%. 2019 vacancy in Harrisburg, PA was 4.20%.
The total population of the city of Harrisburg, PA has decreased 0.60% since 2010. As of 2018, the population was 49,229. The median household income of the Harrisburg was $37,356, which is 38.04% lower than the national average.
- metropolitan area Harrisburg-Carlisle, PA
- avg rent $992
- rent growth 16.30%
- vacancy 4.20%
- median income $37,356
- population (2018) 49,229
- population growth -0.60%
- vs. nat'l avg 38.04%
- zip codes 17101 17102 17103 17104 17105 17106 17107 17108 17109 17110 17111 17112 17113 17120 17121 17122 17123 17124 17125 17126 17127 17128 17129 17130 17140 17177
