1031 Exchange Coral Gables, Florida

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Coral Gables due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Coral Gables, Florida is a part of the Kendall East Submarket submarket area, and contains zip code 33114.

Coral Gables Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Coral Gables, FL submarket area was $1,914, which is 35.46% higher than 2014 average rent. This represents a compounded annual growth rate of 6.26%. 2019 vacancy in Coral Gables, FL was 10.10%.

The total population of the city of Coral Gables, FL has grown 9.02% since 2010. As of 2018, the population was 50,999. The median household income of the Coral Gables was $100,000, which is 65.86% higher than the national average.

  • submarket area Kendall East Submarket
  • avg rent $1,914
  • rent growth 35.46%
  • vacancy 10.10%
  • median income $100,000
  • population (2018) 50,999
  • population growth 9.02%
  • vs. nat'l avg 65.86%
  • zip code 33114

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