Rent, population, and median household income are important factors to consider for a 1031 exchange in Oldsmar due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Oldsmar, Florida is a part of the North Pinellas Submarket submarket area, and contains zip code 34677.
Oldsmar Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Oldsmar, FL submarket area was $1,166, which is 21.97% lower than 2014 average rent. This represents a compounded annual growth rate of 4.05%. 2019 vacancy in Oldsmar, FL was 4.80%.
The total population of the city of Oldsmar, FL has grown 9.20% since 2010. As of 2018, the population was 14,841. The median household income of the Oldsmar was $59,015, which is 2.12% lower than the national average.
- submarket area North Pinellas Submarket
- avg rent $1,166
- rent growth 21.97%
- vacancy 4.80%
- median income $59,015
- population (2018) 14,841
- population growth 9.20%
- vs. nat'l avg 2.12%
- zip code 34677