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: 33069, 33061, 33063, 33074, 33066, and 33064.
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
