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