Surrounding submarket Area
Lower Burrell, Pennsylvania is a part of the North Submarket submarket area.
Lower Burrell Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lower Burrell, PA submarket area was $1,148, which is 17.26% higher than 2014 average rent. This represents a compounded annual growth rate of 3.24%. 2019 vacancy in Lower Burrell, PA was 4.30%.
The total population of the city of Lower Burrell, PA has decreased 5.20% since 2010. As of 2018, the population was 11,150. The median household income of the Lower Burrell was $63,929, which is 6.03% higher than the national average.
- submarket area North Submarket
- avg rent $1,148
- rent growth 17.26%
- vacancy 4.30%
- median income $63,929
- population (2018) 11,150
- population growth -5.20%
- vs. nat'l avg 6.03%