Rent, population, and median household income are important factors to consider for a 1031 exchange in Warrington due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Warrington, Pennsylvania is a part of the Upper Bucks County Submarket submarket area, and contains zip code 18976.
Warrington Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Warrington, PA submarket area was $1,307, which is 9.92% higher than 2014 average rent. This represents a compounded annual growth rate of 1.91%. 2019 vacancy in Warrington, PA was 3.00%.
The total population of the city of Warrington, PA has grown 4.51% since 2010. As of 2018, the population was 24,474. The median household income of the Warrington was $108,496, which is 79.95% higher than the national average.
- submarket area Upper Bucks County Submarket
- avg rent $1,307
- rent growth 9.92%
- vacancy 3.00%
- median income $108,496
- population (2018) 24,474
- population growth 4.51%
- vs. nat'l avg 79.95%
- zip code 18976