1031 Exchange Hialeah, Florida

 

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

Surrounding submarket Area

Hialeah, Florida is a part of the Hialeah Submarket submarket area, and contains 10 zip codes, including: 33002, 33018, 33016, 33014, 33013, and 33017.

Hialeah Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hialeah, FL submarket area was $1,254, which is 31.31% lower than 2014 average rent. This represents a compounded annual growth rate of 5.60%. 2019 vacancy in Hialeah, FL was 3.70%.

The total population of the city of Hialeah, FL has grown 6.35% since 2010. As of 2018, the population was 238,942. The median household income of the Hialeah was $33,161, which is 45.00% lower than the national average.

  • submarket area Hialeah Submarket
  • avg rent $1,254
  • rent growth 31.31%
  • vacancy 3.70%
  • median income $33,161
  • population (2018) 238,942
  • population growth 6.35%
  • vs. nat'l avg 45.00%
  • zip codes 33002 33010 33011 33012 33013 33014 33015 33016 33017 33018

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