Rent, population, and median household income are important factors to consider for a 1031 exchange in Soudertown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Soudertown, Pennsylvania is a part of the NE Chester/Upper Montgomery County Submarket submarket area.
Soudertown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Soudertown, PA submarket area was $1,325, which is 20.67% higher than 2014 average rent. This represents a compounded annual growth rate of 3.83%. 2019 vacancy in Soudertown, PA was 4.00%.
The total population of the city of Soudertown, PA has grown 7.33% since 2010. As of 2018, the population was 7,103. The median household income of the Soudertown was $66,028, which is 9.51% higher than the national average.
- submarket area NE Chester / Upper Montgomery County Submarket
- avg rent $1,325
- rent growth 20.67%
- vacancy 4.00%
- median income $66,028
- population (2018) 7,103
- population growth 7.33%
- vs. nat'l avg 9.51%