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%