1031 Exchange York, Pennsylvania

 

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: 17403, 17404, 17401, 17405, 17407, and 17408.

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

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