Rent, population, and median household income are important factors to consider for a 1031 exchange in Cooper City due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Cooper City, Florida is a part of the Davie Submarket submarket area.
Cooper City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Cooper City, FL submarket area was $1,790, which is 28.50% higher than 2014 average rent. This represents a compounded annual growth rate of 5.14%. 2019 vacancy in Cooper City, FL was 4.90%.
The total population of the city of Cooper City, FL has grown 25.59% since 2010. As of 2018, the population was 35,853. The median household income of the Cooper City was $102,174, which is 69.46% higher than the national average.
- submarket area Davie Submarket
- avg rent $1,790
- rent growth 28.50%
- vacancy 4.90%
- median income $102,174
- population (2018) 35,853
- population growth 25.59%
- vs. nat'l avg 69.46%