1031 Exchange Pembroke Park, Florida

 

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

Surrounding submarket Area

Pembroke Park, Florida is a part of the West Hollywood Submarket submarket area.

Pembroke Park Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Pembroke Park, FL submarket area was $1,306, which is 22.63% lower than 2014 average rent. This represents a compounded annual growth rate of 4.16%. 2019 vacancy in Pembroke Park, FL was 1.40%.

The total population of the city of Pembroke Park, FL has grown 10.29% since 2010. As of 2018, the population was 6,730. The median household income of the Pembroke Park was $35,236, which is 41.56% lower than the national average.

  • submarket area West Hollywood Submarket
  • avg rent $1,306
  • rent growth 22.63%
  • vacancy 1.40%
  • median income $35,236
  • population (2018) 6,730
  • population growth 10.29%
  • vs. nat'l avg 41.56%

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