Rent, population, and median household income are important factors to consider for a 1031 exchange in Swarthmore due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Swarthmore, Pennsylvania is a part of the East Delaware County Submarket submarket area, and contains zip code 19081.
Swarthmore Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Swarthmore, PA submarket area was $959, which is 12.03% higher than 2014 average rent. This represents a compounded annual growth rate of 2.30%. 2019 vacancy in Swarthmore, PA was 1.80%.
The total population of the city of Swarthmore, PA has grown 3.34% since 2010. As of 2018, the population was 6,401. The median household income of the Swarthmore was $109,648, which is 81.86% higher than the national average.
- submarket area East Delaware County Submarket
- avg rent $959
- rent growth 12.03%
- vacancy 1.80%
- median income $109,648
- population (2018) 6,401
- population growth 3.34%
- vs. nat'l avg 81.86%
- zip code 19081