Rent, population, and median household income are important factors to consider for a 1031 exchange in Pleasant Hills due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pleasant Hills, Pennsylvania is a part of the Upper St. Clair/Bethel Park/Jefferson Submarket submarket area.
Pleasant Hills Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pleasant Hills, PA submarket area was $994, which is 19.18% higher than 2014 average rent. This represents a compounded annual growth rate of 3.57%. 2019 vacancy in Pleasant Hills, PA was 2.60%.
The total population of the city of Pleasant Hills, PA has decreased 2.23% since 2010. As of 2018, the population was 8,084. The median household income of the Pleasant Hills was $73,164, which is 21.35% higher than the national average.
- submarket area Upper St. Clair / Bethel Park / Jefferson Submarket
- avg rent $994
- rent growth 19.18%
- vacancy 2.60%
- median income $73,164
- population (2018) 8,084
- population growth -2.23%
- vs. nat'l avg 21.35%
