1031 Exchange Greenacres, Florida

 

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

Surrounding submarket Area

Greenacres, Florida is a part of the Green Acres City/Palm Springs/Lake Worth Submarket submarket area, and contains zip code 33454.

Greenacres Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Greenacres, FL submarket area was $1,319, which is 15.40% lower than 2014 average rent. This represents a compounded annual growth rate of 2.91%. 2019 vacancy in Greenacres, FL was 5.70%.

The total population of the city of Greenacres, FL has grown 9.34% since 2010. As of 2018, the population was 41,084. The median household income of the Greenacres was $47,983, which is 20.42% lower than the national average.

  • submarket area Green Acres City / Palm Springs / Lake Worth Submarket
  • avg rent $1,319
  • rent growth 15.40%
  • vacancy 5.70%
  • median income $47,983
  • population (2018) 41,084
  • population growth 9.34%
  • vs. nat'l avg 20.42%
  • zip code 33454

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