Rent, population, and median household income are important factors to consider for a 1031 exchange in Ross due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Ross, Pennsylvania is a part of the North Submarket submarket area.
Ross Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Ross, PA submarket area was $1,148, which is 17.26% higher than 2014 average rent. This represents a compounded annual growth rate of 3.24%. 2019 vacancy in Ross, PA was 4.30%.
The total population of the city of Ross, PA has decreased 1.99% since 2010. As of 2018, the population was 30,487. The median household income of the Ross was $71,250, which is 18.17% higher than the national average.
- submarket area North Submarket
- avg rent $1,148
- rent growth 17.26%
- vacancy 4.30%
- median income $71,250
- population (2018) 30,487
- population growth -1.99%
- vs. nat'l avg 18.17%