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1031 Exchange Oviedo, Florida

 

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

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