Rent, population, and median household income are important factors to consider for a 1031 exchange in Upper Uwchaln due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Upper Uwchaln, Pennsylvania is a part of the West Chester Submarket submarket area.
Upper Uwchaln Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Upper Uwchaln, PA submarket area was $1,351, which is 21.38% higher than 2014 average rent. This represents a compounded annual growth rate of 3.95%. 2019 vacancy in Upper Uwchaln, PA was 1.90%.
The total population of the city of Upper Uwchaln, PA has grown 3.40% since 2010. As of 2018, the population was 11,609. The median household income of the Upper Uwchaln was $159,325, which is 164.25% higher than the national average.
- submarket area West Chester Submarket
- avg rent $1,351
- rent growth 21.38%
- vacancy 1.90%
- median income $159,325
- population (2018) 11,609
- population growth 3.40%
- vs. nat'l avg 164.25%