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1031 Exchange Boynton Beach, Florida

 

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

Surrounding submarket Area

Boynton Beach, Florida is a part of the Boynton Beach/Delray Beach Submarket submarket area, and contains 9 zip codes, including: 33426, 33425, 33473, 33472, 33435, and 33474.

Boynton Beach Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Boynton Beach, FL submarket area was $1,721, which is 23.28% lower than 2014 average rent. This represents a compounded annual growth rate of 4.27%. 2019 vacancy in Boynton Beach, FL was 5.00%.

The total population of the city of Boynton Beach, FL has grown 14.41% since 2010. As of 2018, the population was 78,050. The median household income of the Boynton Beach was $53,504, which is 11.26% lower than the national average.

  • submarket area Boynton Beach / Delray Beach Submarket
  • avg rent $1,721
  • rent growth 23.28%
  • vacancy 5.00%
  • median income $53,504
  • population (2018) 78,050
  • population growth 14.41%
  • vs. nat'l avg 11.26%
  • zip codes 33424 33425 33426 33435 33436 33437 33472 33473 33474

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