Rent, population, and median household income are important factors to consider for a 1031 exchange in Dunedin due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Dunedin, Florida is a part of the North Pinellas Submarket submarket area, and contains zip codes 34697 and 34698.
Dunedin Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Dunedin, FL submarket area was $1,166, which is 21.97% lower than 2014 average rent. This represents a compounded annual growth rate of 4.05%. 2019 vacancy in Dunedin, FL was 4.80%.
The total population of the city of Dunedin, FL has grown 3.56% since 2010. As of 2018, the population was 36,580. The median household income of the Dunedin was $48,452, which is 19.64% lower than the national average.
- submarket area North Pinellas Submarket
- avg rent $1,166
- rent growth 21.97%
- vacancy 4.80%
- median income $48,452
- population (2018) 36,580
- population growth 3.56%
- vs. nat'l avg 19.64%
- zip codes 34697 34698