1031 Exchange Lakeland, Florida

 

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

Surrounding metropolitan area Area

Lakeland, Florida is a part of the Lakeland-Winter Haven, FL metropolitan area area, and contains 13 zip codes, including: 33810, 33804, 33813, 33811, 33815, and 33803.

Lakeland Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lakeland, FL metropolitan area area was $980, which is 23.43% lower than 2014 average rent. This represents a compounded annual growth rate of 4.30%. 2019 vacancy in Lakeland, FL was 4.20%.

The total population of the city of Lakeland, FL has grown 13.44% since 2010. As of 2018, the population was 110,516. The median household income of the Lakeland was $44,313, which is 26.50% lower than the national average.

  • metropolitan area area Lakeland-Winter Haven, FL
  • avg rent $980
  • rent growth 23.43%
  • vacancy 4.20%
  • median income $44,313
  • population (2018) 110,516
  • population growth 13.44%
  • vs. nat'l avg 26.50%
  • zip codes 33801 33802 33803 33804 33805 33806 33807 33809 33810 33811 33812 33813 33815

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