1031 Exchange Miami Beach, Florida

 

Surrounding submarket Area

Miami Beach, Florida is a part of the South Beach/Miami Bayshore Submarket submarket area, and contains 7 zip codes, including: 33140, 33141, 33154, 33109, 33119, and 33139.

Miami Beach Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Miami Beach, FL submarket area was $2,727, which is 39.85% lower than 2014 average rent. This represents a compounded annual growth rate of 6.94%. 2019 vacancy in Miami Beach, FL was 7.20%.

The total population of the city of Miami Beach, FL has grown 4.49% since 2010. As of 2018, the population was 91,718. The median household income of the Miami Beach was $53,348, which is 11.52% lower than the national average.

  • submarket area South Beach / Miami Bayshore Submarket
  • avg rent $2,727
  • rent growth 39.85%
  • vacancy 7.20%
  • median income $53,348
  • population (2018) 91,718
  • population growth 4.49%
  • vs. nat'l avg 11.52%
  • zip codes 33109 33119 33139 33140 33141 33154 33239

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