1031 Exchange Hialeah Gardens, Florida

 

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%

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