1031 Exchange Miramar, Florida

 

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

Surrounding submarket Area

Miramar, Florida is a part of the Miramar/Pembroke Pines Submarket submarket area.

Miramar Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Miramar, FL submarket area was $1,727, which is 21.96% higher than 2014 average rent. This represents a compounded annual growth rate of 4.05%. 2019 vacancy in Miramar, FL was 6.50%.

The total population of the city of Miramar, FL has grown 15.39% since 2010. As of 2018, the population was 140,823. The median household income of the Miramar was $70,005, which is 16.11% higher than the national average.

  • submarket area Miramar / Pembroke Pines Submarket
  • avg rent $1,727
  • rent growth 21.96%
  • vacancy 6.50%
  • median income $70,005
  • population (2018) 140,823
  • population growth 15.39%
  • vs. nat'l avg 16.11%

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities