1031 Exchange Largo, Florida

 

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

Surrounding submarket Area

Largo, Florida is a part of the Largo Submarket submarket area, and contains 6 zip codes: 33773, 33770, 33779, 33771, 33774, and 33778.

Largo Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Largo, FL submarket area was $1,108, which is 37.81% lower than 2014 average rent. This represents a compounded annual growth rate of 6.62%. 2019 vacancy in Largo, FL was 2.30%.

The total population of the city of Largo, FL has grown 9.46% since 2010. As of 2018, the population was 84,996. The median household income of the Largo was $42,416, which is 29.65% lower than the national average.

  • submarket area Largo Submarket
  • avg rent $1,108
  • rent growth 37.81%
  • vacancy 2.30%
  • median income $42,416
  • population (2018) 84,996
  • population growth 9.46%
  • vs. nat'l avg 29.65%
  • zip codes 33770 33771 33773 33774 33778 33779

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