1031 Exchange Jacksonville Beach, Florida

 

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

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