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
