Rent, population, and median household income are important factors to consider for a 1031 exchange in Slippery Rock due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Slippery Rock, Pennsylvania is a part of the North Submarket submarket area, and contains zip code 16057.
Slippery Rock Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Slippery Rock, PA submarket area was $1,148, which is 17.26% lower than 2014 average rent. This represents a compounded annual growth rate of 3.24%. 2019 vacancy in Slippery Rock, PA was 4.30%.
The total population of the city of Slippery Rock, PA has grown 12.63% since 2010. As of 2018, the population was 6,323. The median household income of the Slippery Rock was $50,752, which is 15.82% lower than the national average.
- submarket area North Submarket
- avg rent $1,148
- rent growth 17.26%
- vacancy 4.30%
- median income $50,752
- population (2018) 6,323
- population growth 12.63%
- vs. nat'l avg 15.82%
- zip code 16057
