1031 Exchange Ridley Park, Pennsylvania

 

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

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