1031 Exchange Pembroke Pines, Florida


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

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