1031 Exchange Reading, Pennsylvania

 

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

Surrounding metropolitan Area

Reading, Pennsylvania is a part of the Reading, PA metropolitan area, and contains 12 zip codes, including: 19611, 19602, 19607, 19604, 19601, and 19612.

Reading Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Reading, PA metropolitan area was $1,092, which is 13.16% lower than 2014 average rent. This represents a compounded annual growth rate of 2.50%. 2019 vacancy in Reading, PA was 1.60%.

The total population of the city of Reading, PA has grown 0.47% since 2010. As of 2018, the population was 88,495. The median household income of the Reading was $30,087, which is 50.10% lower than the national average.

  • metropolitan area Reading, PA
  • avg rent $1,092
  • rent growth 13.16%
  • vacancy 1.60%
  • median income $30,087
  • population (2018) 88,495
  • population growth 0.47%
  • vs. nat'l avg 50.10%
  • zip codes 19601 19602 19603 19604 19605 19606 19607 19608 19609 19610 19611 19612

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