Rent, population, and median household income are important factors to consider for a 1031 exchange in Casselberry due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Casselberry, Florida is a part of the East Altamonte/Casselberry Submarket submarket area, and contains 3 zip codes: 32718, 32707, and 32730.
Casselberry Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Casselberry, FL submarket area was $1,151, which is 27.04% lower than 2014 average rent. This represents a compounded annual growth rate of 4.90%. 2019 vacancy in Casselberry, FL was 5.60%.
The total population of the city of Casselberry, FL has grown 10.04% since 2010. As of 2018, the population was 28,876. The median household income of the Casselberry was $46,172, which is 23.42% lower than the national average.
- submarket area East Altamonte / Casselberry Submarket
- avg rent $1,151
- rent growth 27.04%
- vacancy 5.60%
- median income $46,172
- population (2018) 28,876
- population growth 10.04%
- vs. nat'l avg 23.42%
- zip codes 32707 32718 32730
