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1031 Exchange Davie, Florida

 

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

Surrounding submarket Area

Davie, Florida is a part of the Davie Submarket submarket area.

Davie Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Davie, FL submarket area was $1,790, which is 28.50% higher than 2014 average rent. This represents a compounded annual growth rate of 5.14%. 2019 vacancy in Davie, FL was 4.90%.

The total population of the city of Davie, FL has grown 15.83% since 2010. As of 2018, the population was 106,558. The median household income of the Davie was $66,951, which is 11.04% higher than the national average.

  • submarket area Davie Submarket
  • avg rent $1,790
  • rent growth 28.50%
  • vacancy 4.90%
  • median income $66,951
  • population (2018) 106,558
  • population growth 15.83%
  • vs. nat'l avg 11.04%

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