1031 Exchange Miami, Florida

 

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

Surrounding metropolitan Area

Miami, Florida is a part of the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area, and contains 95 zip codes, including: 33152, 33261, 33222, 33187, 33191, and 33183.

Miami Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Miami, FL metropolitan area was $1,592, which is 31.68% lower than 2014 average rent. This represents a compounded annual growth rate of 5.66%. 2019 vacancy in Miami, FL was 7.30%.

The total population of the city of Miami, FL has grown 17.89% since 2010. As of 2018, the population was 470,914. The median household income of the Miami was $36,638, which is 39.23% lower than the national average.

  • metropolitan area Miami-Fort Lauderdale-West Palm Beach, FL
  • avg rent $1,592
  • rent growth 31.68%
  • vacancy 7.30%
  • median income $36,638
  • population (2018) 470,914
  • population growth 17.89%
  • vs. nat'l avg 39.23%
  • zip codes 33101 33102 33106 33111 33112 33116 33122 33124 33125 33126 33127 33128 33129 33130 33131 33132 33133 33134 33135 33136 33137 33138 33142 33143 33144 33145 33146 33147 33150 33151 33152 33153 33155 33156 33157 33158 33161 33162 33163 33164 33165 33166 33167 33168 33169 33170 33172 33173 33174 33175 33176 33177 33178 33179 33180 33181 33182 33183 33184 33185 33186 33187 33188 33189 33190 33191 33192 33193 33194 33195 33196 33197 33198 33199 33206 33222 33231 33233 33234 33238 33242 33243 33245 33247 33255 33256 33257 33261 33265 33266 33269 33280 33283 33296 33299

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