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