1031 Exchange Altamonte Springs, Florida

 

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

Surrounding submarket Area

Altamonte Springs, Florida is a part of the East Altamonte/Casselberry Submarket submarket area, and contains 4 zip codes: 32716, 32714, 32701, and 32715.

Altamonte Springs Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Altamonte Springs, FL submarket area was $1,151, which is 27.04% lower than 2014 average rent. This represents a compounded annual growth rate of 4.90%. 2019 vacancy in Altamonte Springs, FL was 5.60%.

The total population of the city of Altamonte Springs, FL has grown 6.62% since 2010. As of 2018, the population was 44,241. The median household income of the Altamonte Springs was $52,554, which is 12.84% lower than the national average.

  • submarket area East Altamonte / Casselberry Submarket
  • avg rent $1,151
  • rent growth 27.04%
  • vacancy 5.60%
  • median income $52,554
  • population (2018) 44,241
  • population growth 6.62%
  • vs. nat'l avg 12.84%
  • zip codes 32701 32714 32715 32716

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