Rent, population, and median household income are important factors to consider for a 1031 exchange in Lauderhill due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lauderhill, Florida is a part of the Lauderhill/Lauderdale Submarket submarket area.
Lauderhill Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lauderhill, FL submarket area was $1,184, which is 21.19% lower than 2014 average rent. This represents a compounded annual growth rate of 3.92%. 2019 vacancy in Lauderhill, FL was 4.60%.
The total population of the city of Lauderhill, FL has grown 7.78% since 2010. As of 2018, the population was 72,094. The median household income of the Lauderhill was $40,737, which is 32.43% lower than the national average.
- submarket area Lauderhill / Lauderdale Submarket
- avg rent $1,184
- rent growth 21.19%
- vacancy 4.60%
- median income $40,737
- population (2018) 72,094
- population growth 7.78%
- vs. nat'l avg 32.43%