1031 Exchange Maitland, Florida

 

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

Surrounding submarket Area

Maitland, Florida is a part of the Maitland/Winter Park Submarket submarket area, and contains zip codes 32751 and 32794.

Maitland Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Maitland, FL submarket area was $1,950, which is 66.81% higher than 2014 average rent. This represents a compounded annual growth rate of 10.78%. 2019 vacancy in Maitland, FL was 12.30%.

The total population of the city of Maitland, FL has grown 13.95% since 2010. As of 2018, the population was 17,949. The median household income of the Maitland was $74,199, which is 23.06% higher than the national average.

  • submarket area Maitland / Winter Park Submarket
  • avg rent $1,950
  • rent growth 66.81%
  • vacancy 12.30%
  • median income $74,199
  • population (2018) 17,949
  • population growth 13.95%
  • vs. nat'l avg 23.06%
  • zip codes 32751 32794

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