Rent, population, and median household income are important factors to consider for a 1031 exchange in Lower Oxford due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lower Oxford, Pennsylvania is a part of the West Chester Submarket submarket area.
Lower Oxford Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lower Oxford, PA submarket area was $1,351, which is 21.38% higher than 2014 average rent. This represents a compounded annual growth rate of 3.95%. 2019 vacancy in Lower Oxford, PA was 1.90%.
The total population of the city of Lower Oxford, PA has decreased 2.37% since 2010. As of 2018, the population was 5,077. The median household income of the Lower Oxford was $82,135, which is 36.23% higher than the national average.
- submarket area West Chester Submarket
- avg rent $1,351
- rent growth 21.38%
- vacancy 1.90%
- median income $82,135
- population (2018) 5,077
- population growth -2.37%
- vs. nat'l avg 36.23%