Rent, population, and median household income are important factors to consider for a 1031 exchange in Jacksonville Beach due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Jacksonville Beach, Florida is a part of the Ocean Beaches Submarket submarket area, and contains zip codes 32240 and 32250.
Jacksonville Beach Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Jacksonville Beach, FL submarket area was $1,491, which is 23.02% higher than 2014 average rent. This represents a compounded annual growth rate of 4.23%. 2019 vacancy in Jacksonville Beach, FL was 3.00%.
The total population of the city of Jacksonville Beach, FL has grown 10.80% since 2010. As of 2018, the population was 23,669. The median household income of the Jacksonville Beach was $80,026, which is 32.73% higher than the national average.
- submarket area Ocean Beaches Submarket
- avg rent $1,491
- rent growth 23.02%
- vacancy 3.00%
- median income $80,026
- population (2018) 23,669
- population growth 10.80%
- vs. nat'l avg 32.73%
- zip codes 32240 32250