1031 Exchange Plum, Pennsylvania


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

Surrounding submarket Area

Plum, Pennsylvania is a part of the Wilkinsburg/Penn Hills Submarket submarket area.

Plum Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Plum, 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 Plum, PA was 4.00%.

The total population of the city of Plum, PA has grown 0.03% since 2010. As of 2018, the population was 27,135. The median household income of the Plum was $75,326, which is 24.93% higher than the national average.

  • submarket area Wilkinsburg / Penn Hills Submarket
  • avg rent $894
  • rent growth 17.63%
  • vacancy 4.00%
  • median income $75,326
  • population (2018) 27,135
  • population growth 0.03%
  • vs. nat'l avg 24.93%

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