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1031 Exchange Ocala, Florida

 

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

Surrounding metropolitan area Area

Ocala, Florida is a part of the Ocala, FL metropolitan area area, and contains 14 zip codes, including: 34471, 34478, 34470, 34481, 34479, and 34483.

Ocala Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Ocala, FL metropolitan area area was $916, which is 24.29% lower than 2014 average rent. This represents a compounded annual growth rate of 4.44%. 2019 vacancy in Ocala, FL was 3.70%.

The total population of the city of Ocala, FL has grown 7.31% since 2010. As of 2018, the population was 60,429. The median household income of the Ocala was $40,301, which is 33.16% lower than the national average.

  • metropolitan area area Ocala, FL
  • avg rent $916
  • rent growth 24.29%
  • vacancy 3.70%
  • median income $40,301
  • population (2018) 60,429
  • population growth 7.31%
  • vs. nat'l avg 33.16%
  • zip codes 34470 34471 34472 34473 34474 34475 34476 34477 34478 34479 34480 34481 34482 34483

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