Rent, population, and median household income are important factors to consider for a 1031 exchange in Ridley due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Ridley, Pennsylvania is a part of the East Delaware County Submarket submarket area.
Ridley Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Ridley, PA submarket area was $959, which is 12.03% higher than 2014 average rent. This represents a compounded annual growth rate of 2.30%. 2019 vacancy in Ridley, PA was 1.80%.
The total population of the city of Ridley, PA has grown 1.15% since 2010. As of 2018, the population was 31,122. The median household income of the Ridley was $72,819, which is 20.78% higher than the national average.
- submarket area East Delaware County Submarket
- avg rent $959
- rent growth 12.03%
- vacancy 1.80%
- median income $72,819
- population (2018) 31,122
- population growth 1.15%
- vs. nat'l avg 20.78%
