Rent, population, and median household income are important factors to consider for a 1031 exchange in Oviedo due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Oviedo, Florida is a part of the East Altamonte/Casselberry Submarket submarket area, and contains 3 zip codes: 32766, 32762, and 32765.
Oviedo Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Oviedo, FL submarket area was $1,151, which is 27.04% higher than 2014 average rent. This represents a compounded annual growth rate of 4.90%. 2019 vacancy in Oviedo, FL was 5.60%.
The total population of the city of Oviedo, FL has grown 24.64% since 2010. As of 2018, the population was 41,557. The median household income of the Oviedo was $90,482, which is 50.07% higher than the national average.
- submarket area East Altamonte / Casselberry Submarket
- avg rent $1,151
- rent growth 27.04%
- vacancy 5.60%
- median income $90,482
- population (2018) 41,557
- population growth 24.64%
- vs. nat'l avg 50.07%
- zip codes 32762 32765 32766