1031 Exchange Coral Springs, Florida

 

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

Surrounding submarket Area

Coral Springs, Florida is a part of the Coral Springs/Margate/Coconut Creek Submarket submarket area, and contains 3 zip codes: 33071, 33065, and 00375.

Coral Springs Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Coral Springs, FL submarket area was $1,579, which is 20.72% higher than 2014 average rent. This represents a compounded annual growth rate of 3.84%. 2019 vacancy in Coral Springs, FL was 3.40%.

The total population of the city of Coral Springs, FL has grown 9.88% since 2010. As of 2018, the population was 133,057. The median household income of the Coral Springs was $74,371, which is 23.35% higher 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 $74,371
  • population (2018) 133,057
  • population growth 9.88%
  • vs. nat'l avg 23.35%
  • zip codes 33065 33071 00375

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