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: 33436, 33472, 33473, 33437, 33425, and 33435.
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