Rent, population, and median household income are important factors to consider for a 1031 exchange in Horsham due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Horsham, Pennsylvania is a part of the Lansdale/Gwynedd Submarket submarket area, and contains zip code 19044.
Horsham Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Horsham, PA submarket area was $1,468, which is 13.36% higher than 2014 average rent. This represents a compounded annual growth rate of 2.54%. 2019 vacancy in Horsham, PA was 3.10%.
The total population of the city of Horsham, PA has grown 1.48% since 2010. As of 2018, the population was 26,534. The median household income of the Horsham was $97,072, which is 61.00% higher than the national average.
- submarket area Lansdale / Gwynedd Submarket
- avg rent $1,468
- rent growth 13.36%
- vacancy 3.10%
- median income $97,072
- population (2018) 26,534
- population growth 1.48%
- vs. nat'l avg 61.00%
- zip code 19044
