Rent, population, and median household income are important factors to consider for a 1031 exchange in Munhall due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Munhall, Pennsylvania is a part of the Whitehall/Baldwin/West Mifflin Submarket submarket area.
Munhall Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Munhall, PA submarket area was $872, which is 24.39% lower than 2014 average rent. This represents a compounded annual growth rate of 4.46%. 2019 vacancy in Munhall, PA was 4.90%.
The total population of the city of Munhall, PA has decreased 2.85% since 2010. As of 2018, the population was 11,081. The median household income of the Munhall was $46,715, which is 22.52% lower than the national average.
- submarket area Whitehall / Baldwin / West Mifflin Submarket
- avg rent $872
- rent growth 24.39%
- vacancy 4.90%
- median income $46,715
- population (2018) 11,081
- population growth -2.85%
- vs. nat'l avg 22.52%