Rent, population, and median household income are important factors to consider for a 1031 exchange in Longwood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Longwood, Florida is a part of the Far North Submarket submarket area, and contains 4 zip codes: 32791, 32750, 32779, and 32752.
Longwood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Longwood, FL submarket area was $1,365, which is 33.30% higher than 2014 average rent. This represents a compounded annual growth rate of 5.92%. 2019 vacancy in Longwood, FL was 5.00%.
The total population of the city of Longwood, FL has grown 10.74% since 2010. As of 2018, the population was 15,124. The median household income of the Longwood was $62,192, which is 3.15% higher than the national average.
- submarket area Far North Submarket
- avg rent $1,365
- rent growth 33.30%
- vacancy 5.00%
- median income $62,192
- population (2018) 15,124
- population growth 10.74%
- vs. nat'l avg 3.15%
- zip codes 32750 32752 32779 32791
