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1031 Exchange Boca Raton, Florida

 

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

Surrounding submarket Area

Boca Raton, Florida is a part of the Boca Raton East Submarket submarket area, and contains 16 zip codes, including: 33486, 33498, 33432, 33434, 33427, and 33431.

Boca Raton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Boca Raton, FL submarket area was $2,003, which is 34.34% higher than 2014 average rent. This represents a compounded annual growth rate of 6.08%. 2019 vacancy in Boca Raton, FL was 8.20%.

The total population of the city of Boca Raton, FL has grown 17.60% since 2010. As of 2018, the population was 99,244. The median household income of the Boca Raton was $80,938, which is 34.24% higher than the national average.

  • submarket area Boca Raton East Submarket
  • avg rent $2,003
  • rent growth 34.34%
  • vacancy 8.20%
  • median income $80,938
  • population (2018) 99,244
  • population growth 17.60%
  • vs. nat'l avg 34.24%
  • zip codes 33427 33428 33429 33431 33432 33433 33434 33464 33481 33486 33487 33488 33496 33497 33498 33499

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