Rent, population, and median household income are important factors to consider for a 1031 exchange in White Oak due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
White Oak, Pennsylvania is a part of the Monroeville/Mckeesport/White Oak Submarket submarket area.
White Oak Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the White Oak, PA submarket area was $949, which is 18.03% lower than 2014 average rent. This represents a compounded annual growth rate of 3.37%. 2019 vacancy in White Oak, PA was 2.00%.
The total population of the city of White Oak, PA has decreased 4.62% since 2010. As of 2018, the population was 7,499. The median household income of the White Oak was $56,128, which is 6.91% lower than the national average.
- submarket area Monroeville / Mckeesport / White Oak Submarket
- avg rent $949
- rent growth 18.03%
- vacancy 2.00%
- median income $56,128
- population (2018) 7,499
- population growth -4.62%
- vs. nat'l avg 6.91%
