1031 Exchange Naples, Florida

 

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

Surrounding metropolitan area Area

Naples, Florida is a part of the Naples-Marco Island, FL metropolitan area area, and contains 17 zip codes, including: 34120, 34117, 34102, 34101, 34103, and 34105.

Naples Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Naples, FL metropolitan area area was $1,344, which is 23.08% higher than 2014 average rent. This represents a compounded annual growth rate of 4.24%. 2019 vacancy in Naples, FL was 6.20%.

The total population of the city of Naples, FL has grown 12.81% since 2010. As of 2018, the population was 22,039. The median household income of the Naples was $94,394, which is 56.56% higher than the national average.

  • metropolitan area area Naples-Marco Island, FL
  • avg rent $1,344
  • rent growth 23.08%
  • vacancy 6.20%
  • median income $94,394
  • population (2018) 22,039
  • population growth 12.81%
  • vs. nat'l avg 56.56%
  • zip codes 34101 34102 34103 34104 34105 34106 34107 34108 34109 34110 34112 34113 34114 34116 34117 34119 34120

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