Rent, population, and median household income are important factors to consider for a 1031 exchange in Hialeah Gardens due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hialeah Gardens, Florida is a part of the Hialeah Submarket submarket area.
Hialeah Gardens Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hialeah Gardens, 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 Gardens, FL was 3.70%.
The total population of the city of Hialeah Gardens, FL has grown 10.57% since 2010. As of 2018, the population was 24,043. The median household income of the Hialeah Gardens was $48,026, which is 20.35% lower than the national average.
- submarket area Hialeah Submarket
- avg rent $1,254
- rent growth 31.31%
- vacancy 3.70%
- median income $48,026
- population (2018) 24,043
- population growth 10.57%
- vs. nat'l avg 20.35%
