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%