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1031 Exchange Jacksonville, Florida

 

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

Surrounding metropolitan Area

Jacksonville, Florida is a part of the Jacksonville, FL metropolitan area, and contains 48 zip codes, including: 32203, 32216, 32237, 32257, 32212, and 32220.

Jacksonville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Jacksonville, FL metropolitan area was $1,026, which is 22.14% lower than 2014 average rent. This represents a compounded annual growth rate of 4.08%. 2019 vacancy in Jacksonville, FL was 6.30%.

The total population of the city of Jacksonville, FL has grown 9.99% since 2010. As of 2018, the population was 903,889. The median household income of the Jacksonville was $52,576, which is 12.80% lower than the national average.

  • metropolitan area Jacksonville, FL
  • avg rent $1,026
  • rent growth 22.14%
  • vacancy 6.30%
  • median income $52,576
  • population (2018) 903,889
  • population growth 9.99%
  • vs. nat'l avg 12.80%
  • zip codes 32099 32201 32202 32203 32204 32205 32206 32207 32208 32209 32210 32211 32212 32214 32216 32217 32218 32219 32220 32221 32222 32223 32224 32225 32226 32227 32228 32229 32231 32232 32234 32235 32236 32237 32238 32239 32241 32244 32245 32246 32247 32254 32255 32256 32257 32258 32260 32277

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