Rent, population, and median household income are important factors to consider for a 1031 exchange in Radnor due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Radnor, Pennsylvania is a part of the North Delaware County Submarket submarket area.
Radnor Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Radnor, PA submarket area was $1,453, which is 12.55% higher than 2014 average rent. This represents a compounded annual growth rate of 2.39%. 2019 vacancy in Radnor, PA was 5.90%.
The total population of the city of Radnor, PA has grown 0.76% since 2010. As of 2018, the population was 31,770. The median household income of the Radnor was $114,063, which is 89.18% higher than the national average.
- submarket area North Delaware County Submarket
- avg rent $1,453
- rent growth 12.55%
- vacancy 5.90%
- median income $114,063
- population (2018) 31,770
- population growth 0.76%
- vs. nat'l avg 89.18%