Rent, population, and median household income are important factors to consider for a 1031 exchange in Middletown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Middletown, Pennsylvania is a part of the West Delaware Submarket submarket area, and contains zip code 17057.
Middletown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Middletown, PA submarket area was $1,219, which is 24.26% higher than 2014 average rent. This represents a compounded annual growth rate of 4.44%. 2019 vacancy in Middletown, PA was 3.70%.
The total population of the city of Middletown, PA has grown 1.29% since 2010. As of 2018, the population was 16,011. The median household income of the Middletown was $90,500, which is 50.10% higher than the national average.
- submarket area West Delaware Submarket
- avg rent $1,219
- rent growth 24.26%
- vacancy 3.70%
- median income $90,500
- population (2018) 16,011
- population growth 1.29%
- vs. nat'l avg 50.10%
- zip code 17057
