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1031 Exchange New Brighton, Pennsylvania

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in New Brighton due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

New Brighton, Pennsylvania is a part of the North Submarket submarket area, and contains zip code 15066.

New Brighton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the New Brighton, PA submarket area was $1,148, which is 17.26% lower than 2014 average rent. This represents a compounded annual growth rate of 3.24%. 2019 vacancy in New Brighton, PA was 4.30%.

The total population of the city of New Brighton, PA has decreased 5.00% since 2010. As of 2018, the population was 5,724. The median household income of the New Brighton was $38,329, which is 36.43% lower than the national average.

  • submarket area North Submarket
  • avg rent $1,148
  • rent growth 17.26%
  • vacancy 4.30%
  • median income $38,329
  • population (2018) 5,724
  • population growth -5.00%
  • vs. nat'l avg 36.43%
  • zip code 15066

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