Rent, population, and median household income are important factors to consider for a 1031 exchange in Pinecrest due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pinecrest, Florida is a part of the Kendall East Submarket submarket area.
Pinecrest Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pinecrest, FL submarket area was $1,914, which is 35.46% higher than 2014 average rent. This represents a compounded annual growth rate of 6.26%. 2019 vacancy in Pinecrest, FL was 10.10%.
The total population of the city of Pinecrest, FL has grown 7.51% since 2010. As of 2018, the population was 19,591. The median household income of the Pinecrest was $153,417, which is 154.45% higher than the national average.
- submarket area Kendall East Submarket
- avg rent $1,914
- rent growth 35.46%
- vacancy 10.10%
- median income $153,417
- population (2018) 19,591
- population growth 7.51%
- vs. nat'l avg 154.45%