1031 Exchange Opa-locka, Florida


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

Surrounding submarket Area

Opa-locka, Florida is a part of the Opa-lacka/Brownsville Submarket submarket area.

Opa-locka Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Opa-locka, FL submarket area was $981, which is 43.84% lower than 2014 average rent. This represents a compounded annual growth rate of 7.54%. 2019 vacancy in Opa-locka, FL was 2.90%.

The total population of the city of Opa-locka, FL has grown 7.47% since 2010. As of 2018, the population was 16,356. The median household income of the Opa-locka was $17,908, which is 70.30% lower than the national average.

  • submarket area Opa-lacka / Brownsville Submarket
  • avg rent $981
  • rent growth 43.84%
  • vacancy 2.90%
  • median income $17,908
  • population (2018) 16,356
  • population growth 7.47%
  • vs. nat'l avg 70.30%

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand