Rent, population, and median household income are important factors to consider for a 1031 exchange in Quakertown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Quakertown, Pennsylvania is a part of the Upper Bucks County Submarket submarket area, and contains zip code 18951.
Quakertown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Quakertown, PA submarket area was $1,307, which is 9.92% lower than 2014 average rent. This represents a compounded annual growth rate of 1.91%. 2019 vacancy in Quakertown, PA was 3.00%.
The total population of the city of Quakertown, PA has decreased 1.84% since 2010. As of 2018, the population was 8,814. The median household income of the Quakertown was $58,202, which is 3.47% lower than the national average.
- submarket area Upper Bucks County Submarket
- avg rent $1,307
- rent growth 9.92%
- vacancy 3.00%
- median income $58,202
- population (2018) 8,814
- population growth -1.84%
- vs. nat'l avg 3.47%
- zip code 18951
