1031 Exchange Oakmont, Pennsylvania

 

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

Surrounding submarket Area

Oakmont, Pennsylvania is a part of the Wilkinsburg/Penn Hills Submarket submarket area, and contains zip code 15139.

Oakmont Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Oakmont, PA submarket area was $894, which is 17.63% higher than 2014 average rent. This represents a compounded annual growth rate of 3.30%. 2019 vacancy in Oakmont, PA was 4.00%.

The total population of the city of Oakmont, PA has grown 3.70% since 2010. As of 2018, the population was 6,536. The median household income of the Oakmont was $64,054, which is 6.24% higher than the national average.

  • submarket area Wilkinsburg / Penn Hills Submarket
  • avg rent $894
  • rent growth 17.63%
  • vacancy 4.00%
  • median income $64,054
  • population (2018) 6,536
  • population growth 3.70%
  • vs. nat'l avg 6.24%
  • zip code 15139

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