Rent, population, and median household income are important factors to consider for a 1031 exchange in Upper Moreland due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Upper Moreland, Pennsylvania is a part of the Moreland/Abington/Upper Dublin Submarket submarket area.
Upper Moreland Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Upper Moreland, PA submarket area was $1,629, which is 22.76% higher than 2014 average rent. This represents a compounded annual growth rate of 4.19%. 2019 vacancy in Upper Moreland, PA was 3.50%.
The total population of the city of Upper Moreland, PA has grown 0.35% since 2010. As of 2018, the population was 24,100. The median household income of the Upper Moreland was $72,197, which is 19.74% higher than the national average.
- submarket area Moreland / Abington / Upper Dublin Submarket
- avg rent $1,629
- rent growth 22.76%
- vacancy 3.50%
- median income $72,197
- population (2018) 24,100
- population growth 0.35%
- vs. nat'l avg 19.74%