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