1031 Exchange Lauderhill Lakes, Florida

 

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

Surrounding submarket Area

Lauderhill Lakes, Florida is a part of the Lauderhill/Lauderdale Submarket submarket area.

Lauderhill Lakes Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lauderhill Lakes, 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 Lakes, FL was 4.60%.

The total population of the city of Lauderhill Lakes, FL has grown 11.45% since 2010. As of 2018, the population was 36,324. The median household income of the Lauderhill Lakes was $36,372, which is 39.67% lower than the national average.

  • submarket area Lauderhill / Lauderdale Submarket
  • avg rent $1,184
  • rent growth 21.19%
  • vacancy 4.60%
  • median income $36,372
  • population (2018) 36,324
  • population growth 11.45%
  • vs. nat'l avg 39.67%

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