Rent, population, and median household income are important factors to consider for a 1031 exchange in Solebury due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Solebury, Pennsylvania is a part of the Upper Bucks County Submarket submarket area, and contains zip code 18963.
Solebury Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Solebury, PA submarket area was $1,307, which is 9.92% higher than 2014 average rent. This represents a compounded annual growth rate of 1.91%. 2019 vacancy in Solebury, PA was 3.00%.
The total population of the city of Solebury, PA has decreased 1.54% since 2010. As of 2018, the population was 8,558. The median household income of the Solebury was $123,438, which is 104.73% higher than the national average.
- submarket area Upper Bucks County Submarket
- avg rent $1,307
- rent growth 9.92%
- vacancy 3.00%
- median income $123,438
- population (2018) 8,558
- population growth -1.54%
- vs. nat'l avg 104.73%
- zip code 18963
