1031 Exchange Dade City, Florida

 

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

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