Rent, population, and median household income are important factors to consider for a 1031 exchange in Coconut Creek due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Coconut Creek, Florida is a part of the Coral Springs/Margate/Coconut Creek Submarket submarket area, and contains zip code 33097.
Coconut Creek Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Coconut Creek, FL submarket area was $1,579, which is 20.72% lower than 2014 average rent. This represents a compounded annual growth rate of 3.84%. 2019 vacancy in Coconut Creek, FL was 3.40%.
The total population of the city of Coconut Creek, FL has grown 15.97% since 2010. As of 2018, the population was 61,361. The median household income of the Coconut Creek was $58,627, which is 2.76% lower than the national average.
- submarket area Coral Springs / Margate / Coconut Creek Submarket
- avg rent $1,579
- rent growth 20.72%
- vacancy 3.40%
- median income $58,627
- population (2018) 61,361
- population growth 15.97%
- vs. nat'l avg 2.76%
- zip code 33097