Rent, population, and median household income are important factors to consider for a 1031 exchange in Hallandale Beach due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hallandale Beach, Florida is a part of the East Hollywood/Hallandale Submarket submarket area.
Hallandale Beach Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hallandale Beach, FL submarket area was $1,936, which is 55.63% lower than 2014 average rent. This represents a compounded annual growth rate of 9.25%. 2019 vacancy in Hallandale Beach, FL was 8.20%.
The total population of the city of Hallandale Beach, FL has grown 7.62% since 2010. As of 2018, the population was 39,940. The median household income of the Hallandale Beach was $38,319, which is 36.45% lower than the national average.
- submarket area East Hollywood / Hallandale Submarket
- avg rent $1,936
- rent growth 55.63%
- vacancy 8.20%
- median income $38,319
- population (2018) 39,940
- population growth 7.62%
- vs. nat'l avg 36.45%