Rent, population, and median household income are important factors to consider for a 1031 exchange in Montgomery due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Montgomery, Pennsylvania is a part of the Lansdale/Gwynedd Submarket submarket area, and contains zip code 17752.
Montgomery Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Montgomery, PA submarket area was $1,468, which is 13.36% higher than 2014 average rent. This represents a compounded annual growth rate of 2.54%. 2019 vacancy in Montgomery, PA was 3.10%.
The total population of the city of Montgomery, PA has grown 5.48% since 2010. As of 2018, the population was 26,149. The median household income of the Montgomery was $104,839, which is 73.88% higher than the national average.
- submarket area Lansdale / Gwynedd Submarket
- avg rent $1,468
- rent growth 13.36%
- vacancy 3.10%
- median income $104,839
- population (2018) 26,149
- population growth 5.48%
- vs. nat'l avg 73.88%
- zip code 17752