1031 Exchange Neptune Beach, Florida

 

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

Surrounding submarket Area

Neptune Beach, Florida is a part of the Atlantic Beach Submarket submarket area, and contains zip code 32266.

Neptune Beach Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Neptune Beach, FL submarket area was $926, which is 25.14% higher than 2014 average rent. This represents a compounded annual growth rate of 4.59%. 2019 vacancy in Neptune Beach, FL was 3.30%.

The total population of the city of Neptune Beach, FL has grown 3.69% since 2010. As of 2018, the population was 7,297. The median household income of the Neptune Beach was $89,500, which is 48.44% higher than the national average.

  • submarket area Atlantic Beach Submarket
  • avg rent $926
  • rent growth 25.14%
  • vacancy 3.30%
  • median income $89,500
  • population (2018) 7,297
  • population growth 3.69%
  • vs. nat'l avg 48.44%
  • zip code 32266

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