1031 Exchange Pittsburgh, Pennsylvania

 

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

Surrounding metropolitan Area

Pittsburgh, Pennsylvania is a part of the Pittsburgh, PA metropolitan area, and contains 75 zip codes, including: 15250, 15274, 15206, 15234, 15216, and 15251.

Pittsburgh Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Pittsburgh, PA metropolitan area was $1,076, which is 19.29% lower than 2014 average rent. This represents a compounded annual growth rate of 3.59%. 2019 vacancy in Pittsburgh, PA was 4.00%.

The total population of the city of Pittsburgh, PA has decreased 1.52% since 2010. As of 2018, the population was 301,048. The median household income of the Pittsburgh was $45,831, which is 23.99% lower than the national average.

  • metropolitan area Pittsburgh, PA
  • avg rent $1,076
  • rent growth 19.29%
  • vacancy 4.00%
  • median income $45,831
  • population (2018) 301,048
  • population growth -1.52%
  • vs. nat'l avg 23.99%
  • zip codes 15201 15202 15203 15204 15205 15206 15207 15208 15209 15210 15211 15212 15213 15214 15215 15216 15217 15218 15219 15220 15221 15222 15223 15224 15225 15226 15227 15228 15229 15230 15231 15232 15233 15234 15235 15236 15237 15238 15239 15240 15241 15242 15243 15244 15250 15251 15252 15253 15254 15255 15257 15258 15259 15260 15261 15262 15264 15265 15267 15268 15270 15272 15274 15275 15276 15277 15278 15279 15281 15282 15283 15286 15289 15290 15295

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