Rent, population, and median household income are important factors to consider for a 1031 exchange in Monroeville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Monroeville, Pennsylvania is a part of the Monroeville/Mckeesport/White Oak Submarket submarket area, and contains zip code 15146.
Monroeville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Monroeville, PA submarket area was $949, which is 18.03% higher than 2014 average rent. This represents a compounded annual growth rate of 3.37%. 2019 vacancy in Monroeville, PA was 2.00%.
The total population of the city of Monroeville, PA has decreased 3.02% since 2010. As of 2018, the population was 27,529. The median household income of the Monroeville was $61,834, which is 2.56% higher than the national average.
- submarket area Monroeville / Mckeesport / White Oak Submarket
- avg rent $949
- rent growth 18.03%
- vacancy 2.00%
- median income $61,834
- population (2018) 27,529
- population growth -3.02%
- vs. nat'l avg 2.56%
- zip code 15146
