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1031 Exchange Swissvale, Pennsylvania

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Swissvale due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Swissvale, Pennsylvania is a part of the Wilkinsburg/Penn Hills Submarket submarket area.

Swissvale Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Swissvale, PA submarket area was $894, which is 17.63% lower than 2014 average rent. This represents a compounded annual growth rate of 3.30%. 2019 vacancy in Swissvale, PA was 4.00%.

The total population of the city of Swissvale, PA has grown 7.86% since 2010. As of 2018, the population was 9,689. The median household income of the Swissvale was $44,315, which is 26.50% lower than the national average.

  • submarket area Wilkinsburg / Penn Hills Submarket
  • avg rent $894
  • rent growth 17.63%
  • vacancy 4.00%
  • median income $44,315
  • population (2018) 9,689
  • population growth 7.86%
  • vs. nat'l avg 26.50%

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