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1031 Exchange Pensacola, Florida

 

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

Surrounding metropolitan area Area

Pensacola, Florida is a part of the Pensacola-Ferry Pass-Brent, FL metropolitan area area, and contains 23 zip codes, including: 32520, 32522, 32507, 32526, 32508, and 32516.

Pensacola Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Pensacola, FL metropolitan area area was $891, which is 21.56% lower than 2014 average rent. This represents a compounded annual growth rate of 3.98%. 2019 vacancy in Pensacola, FL was 3.00%.

The total population of the city of Pensacola, FL has grown 1.52% since 2010. As of 2018, the population was 52,713. The median household income of the Pensacola was $48,686, which is 19.25% lower than the national average.

  • metropolitan area area Pensacola-Ferry Pass-Brent, FL
  • avg rent $891
  • rent growth 21.56%
  • vacancy 3.00%
  • median income $48,686
  • population (2018) 52,713
  • population growth 1.52%
  • vs. nat'l avg 19.25%
  • zip codes 32501 32502 32503 32504 32505 32506 32507 32508 32509 32511 32512 32513 32514 32516 32520 32521 32522 32523 32524 32526 32534 32559 32591

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