Rent, population, and median household income are important factors to consider for a 1031 exchange in Upper St. Clair due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Upper St. Clair, Pennsylvania is a part of the Upper St. Clair/Bethel Park/Jefferson Submarket submarket area.
Upper St. Clair Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Upper St. Clair, PA submarket area was $994, which is 19.18% higher than 2014 average rent. This represents a compounded annual growth rate of 3.57%. 2019 vacancy in Upper St. Clair, PA was 2.60%.
The total population of the city of Upper St. Clair, PA has grown 2.37% since 2010. As of 2018, the population was 19,685. The median household income of the Upper St. Clair was $123,305, which is 104.51% higher than the national average.
- submarket area Upper St. Clair / Bethel Park / Jefferson Submarket
- avg rent $994
- rent growth 19.18%
- vacancy 2.60%
- median income $123,305
- population (2018) 19,685
- population growth 2.37%
- vs. nat'l avg 104.51%