Rent, population, and median household income are important factors to consider for a 1031 exchange in Fort Pierce due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
The Fort Pierce, Florida metropolitan area area contains 11 zip codes, including: 34949, 34947, 34951, 34979, 34954, and 34946.
Fort Pierce Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Fort Pierce, FL metropolitan area area was $1,054, which is 20.05% lower than 2014 average rent. This represents a compounded annual growth rate of 3.72%. 2019 vacancy in Fort Pierce, FL was 3.20%.
The total population of the city of Fort Pierce, FL has grown 10.77% since 2010. As of 2018, the population was 46,071. The median household income of the Fort Pierce was $30,445, which is 49.50% lower than the national average.
- metropolitan area area
- avg rent $1,054
- rent growth 20.05%
- vacancy 3.20%
- median income $30,445
- population (2018) 46,071
- population growth 10.77%
- vs. nat'l avg 49.50%
- zip codes 34945 34946 34947 34948 34949 34950 34951 34954 34979 34981 34982
