Rent, population, and median household income are important factors to consider for a 1031 exchange in Apopka due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Apopka, Florida is a part of the West Altamonte Springs Submarket submarket area, and contains 3 zip codes: 32704, 32712, and 32703.
Apopka Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Apopka, FL submarket area was $1,305, which is 37.51% higher than 2014 average rent. This represents a compounded annual growth rate of 6.58%. 2019 vacancy in Apopka, FL was 5.90%.
The total population of the city of Apopka, FL has grown 28.76% since 2010. As of 2018, the population was 53,489. The median household income of the Apopka was $61,558, which is 2.10% higher than the national average.
- submarket area West Altamonte Springs Submarket
- avg rent $1,305
- rent growth 37.51%
- vacancy 5.90%
- median income $61,558
- population (2018) 53,489
- population growth 28.76%
- vs. nat'l avg 2.10%
- zip codes 32703 32704 32712