Rent, population, and median household income are important factors to consider for a 1031 exchange in North Sewickley due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
North Sewickley, Pennsylvania is a part of the North Submarket submarket area.
North Sewickley Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the North Sewickley, PA submarket area was $1,148, which is 17.26% higher than 2014 average rent. This represents a compounded annual growth rate of 3.24%. 2019 vacancy in North Sewickley, PA was 4.30%.
The total population of the city of North Sewickley, PA has decreased 1.57% since 2010. As of 2018, the population was 5,402. The median household income of the North Sewickley was $67,969, which is 12.73% higher than the national average.
- submarket area North Submarket
- avg rent $1,148
- rent growth 17.26%
- vacancy 4.30%
- median income $67,969
- population (2018) 5,402
- population growth -1.57%
- vs. nat'l avg 12.73%