Rent, population, and median household income are important factors to consider for a 1031 exchange in South Park due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
South Park, Pennsylvania is a part of the Upper St. Clair/Bethel Park/Jefferson Submarket submarket area, and contains zip code 15129.
South Park Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the South Park, PA submarket area was $994, which is 19.18% higher than 2014 average rent. This represents a compounded annual growth rate of 3.57%. 2019 vacancy in South Park, PA was 2.60%.
The total population of the city of South Park, PA has decreased 1.06% since 2010. As of 2018, the population was 13,274. The median household income of the South Park was $72,274, which is 19.87% higher than the national average.
- submarket area Upper St. Clair / Bethel Park / Jefferson Submarket
- avg rent $994
- rent growth 19.18%
- vacancy 2.60%
- median income $72,274
- population (2018) 13,274
- population growth -1.06%
- vs. nat'l avg 19.87%
- zip code 15129
