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