1031 Exchange Pompano Beach, Florida

 

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

Surrounding submarket Area

Pompano Beach, Florida is a part of the Pompano Beach Submarket submarket area, and contains 14 zip codes, including: 33076, 33069, 33067, 33063, 33061, and 33074.

Pompano Beach Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Pompano Beach, FL submarket area was $1,425, which is 32.31% lower than 2014 average rent. This represents a compounded annual growth rate of 5.76%. 2019 vacancy in Pompano Beach, FL was 8.00%.

The total population of the city of Pompano Beach, FL has grown 12.13% since 2010. As of 2018, the population was 111,954. The median household income of the Pompano Beach was $47,764, which is 20.78% lower than the national average.

  • submarket area Pompano Beach Submarket
  • avg rent $1,425
  • rent growth 32.31%
  • vacancy 8.00%
  • median income $47,764
  • population (2018) 111,954
  • population growth 12.13%
  • vs. nat'l avg 20.78%
  • zip codes 33060 33061 33062 33063 33064 33066 33067 33068 33069 33072 33073 33074 33076 33077

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