vi

1031 Exchange Kenneth City, Florida

 

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

Surrounding submarket Area

Kenneth City, Florida is a part of the Central St. Petersburg Submarket submarket area.

Kenneth City Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Kenneth City, FL submarket area was $1,336, which is 64.33% lower than 2014 average rent. This represents a compounded annual growth rate of 10.44%. 2019 vacancy in Kenneth City, FL was 9.00%.

The total population of the city of Kenneth City, FL has grown 1.59% since 2010. As of 2018, the population was 5,059. The median household income of the Kenneth City was $47,616, which is 21.03% lower than the national average.

  • submarket area Central St. Petersburg Submarket
  • avg rent $1,336
  • rent growth 64.33%
  • vacancy 9.00%
  • median income $47,616
  • population (2018) 5,059
  • population growth 1.59%
  • vs. nat'l avg 21.03%

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities