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1031 Exchange Lauderdale-by-the-Sea, Florida

 

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%

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