Rent, population, and median household income are important factors to consider for a 1031 exchange in Plumstead due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Plumstead, Pennsylvania is a part of the Upper Bucks County Submarket submarket area.
Plumstead Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Plumstead, PA submarket area was $1,307, which is 9.92% higher than 2014 average rent. This represents a compounded annual growth rate of 1.91%. 2019 vacancy in Plumstead, PA was 3.00%.
The total population of the city of Plumstead, PA has grown 15.19% since 2010. As of 2018, the population was 14,332. The median household income of the Plumstead was $112,391, which is 86.41% higher than the national average.
- submarket area Upper Bucks County Submarket
- avg rent $1,307
- rent growth 9.92%
- vacancy 3.00%
- median income $112,391
- population (2018) 14,332
- population growth 15.19%
- vs. nat'l avg 86.41%