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%