Rent, population, and median household income are important factors to consider for a 1031 exchange in Upper Chichester due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Upper Chichester, Pennsylvania is a part of the West Delaware Submarket submarket area.
Upper Chichester Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Upper Chichester, PA submarket area was $1,219, which is 24.26% higher than 2014 average rent. This represents a compounded annual growth rate of 4.44%. 2019 vacancy in Upper Chichester, PA was 3.70%.
The total population of the city of Upper Chichester, PA has grown 0.97% since 2010. As of 2018, the population was 16,901. The median household income of the Upper Chichester was $71,373, which is 18.38% higher than the national average.
- submarket area West Delaware Submarket
- avg rent $1,219
- rent growth 24.26%
- vacancy 3.70%
- median income $71,373
- population (2018) 16,901
- population growth 0.97%
- vs. nat'l avg 18.38%
