Rent, population, and median household income are important factors to consider for a 1031 exchange in Fort Walton Beach due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Fort Walton Beach, Florida is a part of the Crestview-Fort Walton Beach-Destin, FL metropolitan area area, and contains 3 zip codes: 32549, 32547, and 32548.
Fort Walton Beach Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Fort Walton Beach, FL metropolitan area area was $1,039, which is 29.23% lower than 2014 average rent. This represents a compounded annual growth rate of 5.26%. 2019 vacancy in Fort Walton Beach, FL was 3.90%.
The total population of the city of Fort Walton Beach, FL has grown 14.24% since 2010. As of 2018, the population was 22,284. The median household income of the Fort Walton Beach was $50,666, which is 15.97% lower than the national average.
- metropolitan area area Crestview-Fort Walton Beach-Destin, FL
- avg rent $1,039
- rent growth 29.23%
- vacancy 3.90%
- median income $50,666
- population (2018) 22,284
- population growth 14.24%
- vs. nat'l avg 15.97%
- zip codes 32547 32548 32549