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