Rent, population, and median household income are important factors to consider for a 1031 exchange in York due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
York, Pennsylvania is a part of the York-Hanover, PA metropolitan area, and contains 8 zip codes, including: 17402, 17404, 17406, 17401, 17407, and 17403.
York Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the York, PA metropolitan area was $1,037, which is 17.18% lower than 2014 average rent. This represents a compounded annual growth rate of 3.22%. 2019 vacancy in York, PA was 2.90%.
The total population of the city of York, PA has grown 0.91% since 2010. As of 2018, the population was 44,118. The median household income of the York was $30,283, which is 49.77% lower than the national average.
- metropolitan area York-Hanover, PA
- avg rent $1,037
- rent growth 17.18%
- vacancy 2.90%
- median income $30,283
- population (2018) 44,118
- population growth 0.91%
- vs. nat'l avg 49.77%
- zip codes 17401 17402 17403 17404 17405 17406 17407 17408
