Rent, population, and median household income are important factors to consider for a 1031 exchange in Pompano due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pompano, Florida is a part of the Deerfield Beach Submarket submarket area.
Pompano Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pompano, FL submarket area was $1,348, which is 37.13% lower than 2014 average rent. This represents a compounded annual growth rate of 6.52%. 2019 vacancy in Pompano, FL was 6.10%.
The total population of the city of Pompano, FL has grown 12.13% since 2010. As of 2018, the population was 111,954. The median household income of the Pompano was $47,764, which is 20.78% lower than the national average.
- submarket area Deerfield Beach Submarket
- avg rent $1,348
- rent growth 37.13%
- vacancy 6.10%
- median income $47,764
- population (2018) 111,954
- population growth 12.13%
- vs. nat'l avg 20.78%