1031 Exchange McCandless, Pennsylvania

 

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

Surrounding submarket Area

McCandless, Pennsylvania is a part of the North Submarket submarket area.

McCandless Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the McCandless, 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 McCandless, PA was 4.30%.

The total population of the city of McCandless, PA has decreased 0.51% since 2010. As of 2018, the population was 28,311. The median household income of the McCandless was $84,713, which is 40.50% higher than the national average.

  • submarket area North Submarket
  • avg rent $1,148
  • rent growth 17.26%
  • vacancy 4.30%
  • median income $84,713
  • population (2018) 28,311
  • population growth -0.51%
  • vs. nat'l avg 40.50%

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