Rent, population, and median household income are important factors to consider for a 1031 exchange in Pembroke Pines due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pembroke Pines, Florida is a part of the Miramar/Pembroke Pines Submarket submarket area, and contains zip codes 33028 and 33082.
Pembroke Pines Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pembroke Pines, FL submarket area was $1,727, which is 21.96% higher than 2014 average rent. This represents a compounded annual growth rate of 4.05%. 2019 vacancy in Pembroke Pines, FL was 6.50%.
The total population of the city of Pembroke Pines, FL has grown 11.39% since 2010. As of 2018, the population was 172,374. The median household income of the Pembroke Pines was $66,816, which is 10.82% higher than the national average.
- submarket area Miramar / Pembroke Pines Submarket
- avg rent $1,727
- rent growth 21.96%
- vacancy 6.50%
- median income $66,816
- population (2018) 172,374
- population growth 11.39%
- vs. nat'l avg 10.82%
- zip codes 33028 33082