Rent, population, and median household income are important factors to consider for a 1031 exchange in Ridley Park due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Ridley Park, Pennsylvania is a part of the East Delaware County Submarket submarket area, and contains zip code 19078.
Ridley Park Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Ridley Park, 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 Park, PA was 1.80%.
The total population of the city of Ridley Park, PA has grown 0.59% since 2010. As of 2018, the population was 7,043. The median household income of the Ridley Park was $76,967, which is 27.65% higher than the national average.
- submarket area East Delaware County Submarket
- avg rent $959
- rent growth 12.03%
- vacancy 1.80%
- median income $76,967
- population (2018) 7,043
- population growth 0.59%
- vs. nat'l avg 27.65%
- zip code 19078