Rent, population, and median household income are important factors to consider for a 1031 exchange in North Lauderdale due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
North Lauderdale, Florida is a part of the Sunrise/Tamarac/North Lauderdale Submarket submarket area.
North Lauderdale Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the North Lauderdale, FL submarket area was $1,371, which is 14.06% lower than 2014 average rent. This represents a compounded annual growth rate of 2.67%. 2019 vacancy in North Lauderdale, FL was 1.40%.
The total population of the city of North Lauderdale, FL has grown 8.21% since 2010. As of 2018, the population was 44,391. The median household income of the North Lauderdale was $42,119, which is 30.14% lower than the national average.
- submarket area Sunrise / Tamarac / North Lauderdale Submarket
- avg rent $1,371
- rent growth 14.06%
- vacancy 1.40%
- median income $42,119
- population (2018) 44,391
- population growth 8.21%
- vs. nat'l avg 30.14%