1031 Exchange Fort Walton Beach, Florida

 

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

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