1031 Exchange Gulfport, Florida

 

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

Surrounding submarket Area

Gulfport, Florida is a part of the Central St. Petersburg Submarket submarket area.

Gulfport Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Gulfport, FL submarket area was $1,336, which is 64.33% lower than 2014 average rent. This represents a compounded annual growth rate of 10.44%. 2019 vacancy in Gulfport, FL was 9.00%.

The total population of the city of Gulfport, FL has grown 3.09% since 2010. As of 2018, the population was 12,401. The median household income of the Gulfport was $48,417, which is 19.70% lower than the national average.

  • submarket area Central St. Petersburg Submarket
  • avg rent $1,336
  • rent growth 64.33%
  • vacancy 9.00%
  • median income $48,417
  • population (2018) 12,401
  • population growth 3.09%
  • vs. nat'l avg 19.70%

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities