1031 Exchange Ocoee, Florida

 

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

Surrounding submarket Area

Ocoee, Florida is a part of the Northwest/441 Submarket submarket area, and contains zip code 34761.

Ocoee Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Ocoee, FL submarket area was $977, which is 42.21% higher than 2014 average rent. This represents a compounded annual growth rate of 7.30%. 2019 vacancy in Ocoee, FL was 3.40%.

The total population of the city of Ocoee, FL has grown 34.12% since 2010. As of 2018, the population was 47,720. The median household income of the Ocoee was $70,472, which is 16.88% higher than the national average.

  • submarket area Northwest / 441 Submarket
  • avg rent $977
  • rent growth 42.21%
  • vacancy 3.40%
  • median income $70,472
  • population (2018) 47,720
  • population growth 34.12%
  • vs. nat'l avg 16.88%
  • zip code 34761

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