Rent, population, and median household income are important factors to consider for a 1031 exchange in Dade City due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Dade City, Florida is a part of the Pasco County Submarket submarket area, and contains 3 zip codes: 33523, 33526, and 33525.
Dade City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Dade City, FL submarket area was $1,019, which is 25.65% lower than 2014 average rent. This represents a compounded annual growth rate of 4.67%. 2019 vacancy in Dade City, FL was 8.30%.
The total population of the city of Dade City, FL has grown 12.35% since 2010. As of 2018, the population was 7,232. The median household income of the Dade City was $46,354, which is 23.12% lower than the national average.
- submarket area Pasco County Submarket
- avg rent $1,019
- rent growth 25.65%
- vacancy 8.30%
- median income $46,354
- population (2018) 7,232
- population growth 12.35%
- vs. nat'l avg 23.12%
- zip codes 33523 33525 33526
