1031 Exchange Lower Burrell, Pennsylvania

 

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%

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