Rent, population, and median household income are important factors to consider for a 1031 exchange in Lansdale due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lansdale, Pennsylvania is a part of the Lansdale/Gwynedd Submarket submarket area, and contains zip code 19446.
Lansdale Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lansdale, 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 Lansdale, PA was 3.10%.
The total population of the city of Lansdale, PA has grown 2.69% since 2010. As of 2018, the population was 16,707. The median household income of the Lansdale was $65,433, which is 8.53% higher than the national average.
- submarket area Lansdale / Gwynedd Submarket
- avg rent $1,468
- rent growth 13.36%
- vacancy 3.10%
- median income $65,433
- population (2018) 16,707
- population growth 2.69%
- vs. nat'l avg 8.53%
- zip code 19446
