1031 Exchange Jupiter, Florida

 

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

Surrounding submarket Area

Jupiter, Florida is a part of the North Palm Beach Submarket submarket area, and contains 5 zip codes: 33477, 33469, 33478, 33468, and 33458.

Jupiter Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Jupiter, FL submarket area was $1,608, which is 32.13% higher than 2014 average rent. This represents a compounded annual growth rate of 5.73%. 2019 vacancy in Jupiter, FL was 5.40%.

The total population of the city of Jupiter, FL has grown 18.80% since 2010. As of 2018, the population was 65,524. The median household income of the Jupiter was $82,543, which is 36.90% higher than the national average.

  • submarket area North Palm Beach Submarket
  • avg rent $1,608
  • rent growth 32.13%
  • vacancy 5.40%
  • median income $82,543
  • population (2018) 65,524
  • population growth 18.80%
  • vs. nat'l avg 36.90%
  • zip codes 33458 33468 33469 33477 33478

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