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1031 Exchange Belle Isle, Florida

 

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

Surrounding submarket Area

Belle Isle, Florida is a part of the South Central/527/441 Submarket submarket area.

Belle Isle Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Belle Isle, FL submarket area was $1,388, which is 40.91% higher than 2014 average rent. This represents a compounded annual growth rate of 7.10%. 2019 vacancy in Belle Isle, FL was 5.90%.

The total population of the city of Belle Isle, FL has grown 19.67% since 2010. As of 2018, the population was 7,166. The median household income of the Belle Isle was $85,873, which is 42.43% higher than the national average.

  • submarket area South Central / 527 / 441 Submarket
  • avg rent $1,388
  • rent growth 40.91%
  • vacancy 5.90%
  • median income $85,873
  • population (2018) 7,166
  • population growth 19.67%
  • vs. nat'l avg 42.43%

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