Rent, population, and median household income are important factors to consider for a 1031 exchange in Warwick due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Warwick, Pennsylvania is a part of the Upper Bucks County Submarket submarket area.
Warwick Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Warwick, 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 Warwick, PA was 3.00%.
The total population of the city of Warwick, PA has grown 1.30% since 2010. As of 2018, the population was 14,624. The median household income of the Warwick was $117,933, which is 95.60% higher than the national average.
- submarket area Upper Bucks County Submarket
- avg rent $1,307
- rent growth 9.92%
- vacancy 3.00%
- median income $117,933
- population (2018) 14,624
- population growth 1.30%
- vs. nat'l avg 95.60%