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1031 Exchange Slippery Rock, Pennsylvania

 

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

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