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1031 Exchange Lauderhill, Florida

 

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%

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