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%
