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1031 Exchange Pinellas Park, Florida

 

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

Surrounding submarket Area

Pinellas Park, Florida is a part of the Pinellas Park/Seminole Submarket submarket area, and contains 3 zip codes: 33782, 33780, and 33781.

Pinellas Park Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Pinellas Park, FL submarket area was $1,069, which is 22.03% lower than 2014 average rent. This represents a compounded annual growth rate of 4.06%. 2019 vacancy in Pinellas Park, FL was 5.30%.

The total population of the city of Pinellas Park, FL has grown 8.19% since 2010. As of 2018, the population was 53,098. The median household income of the Pinellas Park was $44,710, which is 25.85% lower than the national average.

  • submarket area Pinellas Park / Seminole Submarket
  • avg rent $1,069
  • rent growth 22.03%
  • vacancy 5.30%
  • median income $44,710
  • population (2018) 53,098
  • population growth 8.19%
  • vs. nat'l avg 25.85%
  • zip codes 33780 33781 33782

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