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1031 Exchange Casselberry, Florida

 

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, 32730, and 32707.

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

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