1031 Exchange Lower Providence, Pennsylvania

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Lower Providence due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Lower Providence, Pennsylvania is a part of the NE Chester/Upper Montgomery County Submarket submarket area.

Lower Providence Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lower Providence, PA submarket area was $1,325, which is 20.67% higher than 2014 average rent. This represents a compounded annual growth rate of 3.83%. 2019 vacancy in Lower Providence, PA was 4.00%.

The total population of the city of Lower Providence, PA has grown 5.41% since 2010. As of 2018, the population was 26,812. The median household income of the Lower Providence was $94,020, which is 55.94% higher than the national average.

  • submarket area NE Chester / Upper Montgomery County Submarket
  • avg rent $1,325
  • rent growth 20.67%
  • vacancy 4.00%
  • median income $94,020
  • population (2018) 26,812
  • population growth 5.41%
  • vs. nat'l avg 55.94%

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