Rent, population, and median household income are important factors to consider for a 1031 exchange in Marple due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Marple, Pennsylvania is a part of the North Delaware County Submarket submarket area.
Marple Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Marple, PA submarket area was $1,453, which is 12.55% higher than 2014 average rent. This represents a compounded annual growth rate of 2.39%. 2019 vacancy in Marple, PA was 5.90%.
The total population of the city of Marple, PA has grown 1.63% since 2010. As of 2018, the population was 23,810. The median household income of the Marple was $98,175, which is 62.83% higher than the national average.
- submarket area North Delaware County Submarket
- avg rent $1,453
- rent growth 12.55%
- vacancy 5.90%
- median income $98,175
- population (2018) 23,810
- population growth 1.63%
- vs. nat'l avg 62.83%