Rent, population, and median household income are important factors to consider for a 1031 exchange in Daytona Beach due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Daytona Beach, Florida is a part of the Deltona-Daytona Beach-Ormond Beach, FL metropolitan area, and contains 13 zip codes, including: 32198, 32115, 32124, 32119, 32125, and 32114.
Daytona Beach Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Daytona Beach, FL metropolitan area was $972, which is 19.85% lower than 2014 average rent. This represents a compounded annual growth rate of 3.69%. 2019 vacancy in Daytona Beach, FL was 4.60%.
The total population of the city of Daytona Beach, FL has grown 12.89% since 2010. As of 2018, the population was 68,866. The median household income of the Daytona Beach was $32,932, which is 45.38% lower than the national average.
- metropolitan area Deltona-Daytona Beach-Ormond Beach, FL
- avg rent $972
- rent growth 19.85%
- vacancy 4.60%
- median income $32,932
- population (2018) 68,866
- population growth 12.89%
- vs. nat'l avg 45.38%
- zip codes 32114 32115 32116 32117 32118 32119 32120 32121 32122 32124 32125 32126 32198
