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