Rent, population, and median household income are important factors to consider for a 1031 exchange in Upper Pottsgrove due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Upper Pottsgrove, Pennsylvania is a part of the NE Chester/Upper Montgomery County Submarket submarket area.
Upper Pottsgrove Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Upper Pottsgrove, PA submarket area was $1,325, which is 20.67% higher than 2014 average rent. This represents a compounded annual growth rate of 3.83%. 2019 vacancy in Upper Pottsgrove, PA was 4.00%.
The total population of the city of Upper Pottsgrove, PA has grown 7.98% since 2010. As of 2018, the population was 5,739. The median household income of the Upper Pottsgrove was $98,333, which is 63.09% higher than the national average.
- submarket area NE Chester / Upper Montgomery County Submarket
- avg rent $1,325
- rent growth 20.67%
- vacancy 4.00%
- median income $98,333
- population (2018) 5,739
- population growth 7.98%
- vs. nat'l avg 63.09%