Rent, population, and median household income are important factors to consider for a 1031 exchange in Lauderdale-by-the-Sea due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lauderdale-by-the-Sea, Florida is a part of the Oakland Park Submarket submarket area.
Lauderdale-by-the-Sea Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lauderdale-by-the-Sea, FL submarket area was $1,472, which is 41.13% higher than 2014 average rent. This represents a compounded annual growth rate of 7.13%. 2019 vacancy in Lauderdale-by-the-Sea, FL was 7.10%.
The total population of the city of Lauderdale-by-the-Sea, FL has grown 10.30% since 2010. As of 2018, the population was 6,680. The median household income of the Lauderdale-by-the-Sea was $65,417, which is 8.50% higher than the national average.
- submarket area Oakland Park Submarket
- avg rent $1,472
- rent growth 41.13%
- vacancy 7.10%
- median income $65,417
- population (2018) 6,680
- population growth 10.30%
- vs. nat'l avg 8.50%