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
