Rent, population, and median household income are important factors to consider for a 1031 exchange in Atlantic Beach due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Atlantic Beach, Florida is a part of the Atlantic Beach Submarket submarket area, and contains zip code 32233.
Atlantic Beach Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Atlantic Beach, FL submarket area was $926, which is 25.14% higher than 2014 average rent. This represents a compounded annual growth rate of 4.59%. 2019 vacancy in Atlantic Beach, FL was 3.30%.
The total population of the city of Atlantic Beach, FL has grown 9.29% since 2010. As of 2018, the population was 13,831. The median household income of the Atlantic Beach was $77,468, which is 28.49% higher than the national average.
- submarket area Atlantic Beach Submarket
- avg rent $926
- rent growth 25.14%
- vacancy 3.30%
- median income $77,468
- population (2018) 13,831
- population growth 9.29%
- vs. nat'l avg 28.49%
- zip code 32233