Rent, population, and median household income are important factors to consider for a 1031 exchange in Plantation due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Plantation, Florida is a part of the Planation Submarket submarket area, and contains zip code 33388.
Plantation Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Plantation, FL submarket area was $1,631, which is 16.42% higher than 2014 average rent. This represents a compounded annual growth rate of 3.09%. 2019 vacancy in Plantation, FL was 4.60%.
The total population of the city of Plantation, FL has grown 10.93% since 2010. As of 2018, the population was 94,288. The median household income of the Plantation was $71,721, which is 18.95% higher than the national average.
- submarket area Planation Submarket
- avg rent $1,631
- rent growth 16.42%
- vacancy 4.60%
- median income $71,721
- population (2018) 94,288
- population growth 10.93%
- vs. nat'l avg 18.95%
- zip code 33388