Rent, population, and median household income are important factors to consider for a 1031 exchange in Gainesville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Gainesville, Florida is a part of the Gainesville, FL metropolitan area area, and contains 17 zip codes, including: 32601, 32602, 32605, 32608, 32611, and 32604.
Gainesville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Gainesville, FL metropolitan area area was $999, which is 18.93% lower than 2014 average rent. This represents a compounded annual growth rate of 3.53%. 2019 vacancy in Gainesville, FL was 2.50%.
The total population of the city of Gainesville, FL has grown 7.64% since 2010. As of 2018, the population was 133,857. The median household income of the Gainesville was $36,389, which is 39.65% lower than the national average.
- metropolitan area area Gainesville, FL
- avg rent $999
- rent growth 18.93%
- vacancy 2.50%
- median income $36,389
- population (2018) 133,857
- population growth 7.64%
- vs. nat'l avg 39.65%
- zip codes 32601 32602 32603 32604 32605 32606 32607 32608 32609 32610 32611 32612 32614 32627 32635 32641 32653
