Rent, population, and median household income are important factors to consider for a 1031 exchange in Shaler due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Shaler, Pennsylvania is a part of the North Submarket submarket area.
Shaler Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Shaler, 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 Shaler, PA was 4.30%.
The total population of the city of Shaler, PA has decreased 2.76% since 2010. As of 2018, the population was 27,963. The median household income of the Shaler was $72,616, which is 20.44% higher than the national average.
- submarket area North Submarket
- avg rent $1,148
- rent growth 17.26%
- vacancy 4.30%
- median income $72,616
- population (2018) 27,963
- population growth -2.76%
- vs. nat'l avg 20.44%