1031 Exchange Florida City, Florida

 

Surrounding submarket Area

Florida City, Florida is a part of the South Dade/Homestead Submarket submarket area.

Florida City Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Florida City, FL submarket area was $1,126, which is 56.17% lower than 2014 average rent. This represents a compounded annual growth rate of 9.33%. 2019 vacancy in Florida City, FL was 5.70%.

The total population of the city of Florida City, FL has grown 7.40% since 2010. As of 2018, the population was 12,077. The median household income of the Florida City was $35,794, which is 40.63% lower than the national average.

  • submarket area South Dade / Homestead Submarket
  • avg rent $1,126
  • rent growth 56.17%
  • vacancy 5.70%
  • median income $35,794
  • population (2018) 12,077
  • population growth 7.40%
  • vs. nat'l avg 40.63%

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Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

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