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1031 Exchange Wilkinsburg, Pennsylvania

 

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

Surrounding submarket Area

Wilkinsburg, Pennsylvania is a part of the Wilkinsburg/Penn Hills Submarket submarket area.

Wilkinsburg Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Wilkinsburg, PA submarket area was $894, which is 17.63% lower than 2014 average rent. This represents a compounded annual growth rate of 3.30%. 2019 vacancy in Wilkinsburg, PA was 4.00%.

The total population of the city of Wilkinsburg, PA has decreased 3.03% since 2010. As of 2018, the population was 15,448. The median household income of the Wilkinsburg was $35,380, which is 41.32% lower than the national average.

  • submarket area Wilkinsburg / Penn Hills Submarket
  • avg rent $894
  • rent growth 17.63%
  • vacancy 4.00%
  • median income $35,380
  • population (2018) 15,448
  • population growth -3.03%
  • vs. nat'l avg 41.32%

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