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1031 Exchange West Mifflin, Pennsylvania

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in West Mifflin due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

West Mifflin, Pennsylvania is a part of the Whitehall/Baldwin/West Mifflin Submarket submarket area, and contains zip codes 15122 and 15123.

West Mifflin Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the West Mifflin, PA submarket area was $872, which is 24.39% lower than 2014 average rent. This represents a compounded annual growth rate of 4.46%. 2019 vacancy in West Mifflin, PA was 4.90%.

The total population of the city of West Mifflin, PA has decreased 3.00% since 2010. As of 2018, the population was 19,703. The median household income of the West Mifflin was $53,056, which is 12.00% lower than the national average.

  • submarket area Whitehall / Baldwin / West Mifflin Submarket
  • avg rent $872
  • rent growth 24.39%
  • vacancy 4.90%
  • median income $53,056
  • population (2018) 19,703
  • population growth -3.00%
  • vs. nat'l avg 12.00%
  • zip codes 15122 15123

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