Rent, population, and median household income are important factors to consider for a 1031 exchange in Lighthouse Point due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lighthouse Point, Florida is a part of the Deerfield Beach Submarket submarket area.
Lighthouse Point Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lighthouse Point, FL submarket area was $1,348, which is 37.13% higher than 2014 average rent. This represents a compounded annual growth rate of 6.52%. 2019 vacancy in Lighthouse Point, FL was 6.10%.
The total population of the city of Lighthouse Point, FL has grown 9.08% since 2010. As of 2018, the population was 11,283. The median household income of the Lighthouse Point was $81,857, which is 35.77% higher than the national average.
- submarket area Deerfield Beach Submarket
- avg rent $1,348
- rent growth 37.13%
- vacancy 6.10%
- median income $81,857
- population (2018) 11,283
- population growth 9.08%
- vs. nat'l avg 35.77%