1031 Exchange Montgomery, Pennsylvania

 

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

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