1031 Exchange Fort Lauderdale, Florida

 

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

Surrounding metropolitan Area

Fort Lauderdale, Florida is a part of the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area, and contains 47 zip codes, including: 33337, 33349, 33320, 33334, 33315, and 33309.

Fort Lauderdale Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Fort Lauderdale, FL metropolitan area was $1,530, which is 28.25% lower than 2014 average rent. This represents a compounded annual growth rate of 5.10%. 2019 vacancy in Fort Lauderdale, FL was 5.50%.

The total population of the city of Fort Lauderdale, FL has grown 10.32% since 2010. As of 2018, the population was 182,595. The median household income of the Fort Lauderdale was $55,269, which is 8.33% lower than the national average.

  • metropolitan area Miami-Fort Lauderdale-West Palm Beach, FL
  • avg rent $1,530
  • rent growth 28.25%
  • vacancy 5.50%
  • median income $55,269
  • population (2018) 182,595
  • population growth 10.32%
  • vs. nat'l avg 8.33%
  • zip codes 33301 33302 33303 33304 33305 33306 33307 33308 33309 33310 33311 33312 33313 33314 33315 33316 33317 33318 33319 33320 33321 33322 33323 33324 33325 33326 33327 33328 33329 33330 33331 33332 33334 33335 33336 33337 33338 33339 33340 33345 33346 33348 33349 33351 33355 33359 33394

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