Rent, population, and median household income are important factors to consider for a 1031 exchange in Palm Beach Gardens due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Palm Beach Gardens, Florida is a part of the North Palm Beach Submarket submarket area, and contains zip codes 33410 and 33418.
Palm Beach Gardens Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Palm Beach Gardens, FL submarket area was $1,608, which is 32.13% higher than 2014 average rent. This represents a compounded annual growth rate of 5.73%. 2019 vacancy in Palm Beach Gardens, FL was 5.40%.
The total population of the city of Palm Beach Gardens, FL has grown 16.16% since 2010. As of 2018, the population was 56,284. The median household income of the Palm Beach Gardens was $80,426, which is 33.39% higher than the national average.
- submarket area North Palm Beach Submarket
- avg rent $1,608
- rent growth 32.13%
- vacancy 5.40%
- median income $80,426
- population (2018) 56,284
- population growth 16.16%
- vs. nat'l avg 33.39%
- zip codes 33410 33418