1031 Exchange Dania Beach, Florida

 

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

Surrounding submarket Area

Dania Beach, Florida is a part of the East Hollywood/Hallandale Submarket submarket area.

Dania Beach Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Dania Beach, FL submarket area was $1,936, which is 55.63% lower than 2014 average rent. This represents a compounded annual growth rate of 9.25%. 2019 vacancy in Dania Beach, FL was 8.20%.

The total population of the city of Dania Beach, FL has grown 8.88% since 2010. As of 2018, the population was 32,271. The median household income of the Dania Beach was $46,137, which is 23.48% lower than the national average.

  • submarket area East Hollywood / Hallandale Submarket
  • avg rent $1,936
  • rent growth 55.63%
  • vacancy 8.20%
  • median income $46,137
  • population (2018) 32,271
  • population growth 8.88%
  • vs. nat'l avg 23.48%

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