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1031 Exchange Safety Harbor, Florida

 

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

Surrounding submarket Area

Safety Harbor, Florida is a part of the Clearwater Submarket submarket area, and contains zip code 34695.

Safety Harbor Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Safety Harbor, FL submarket area was $1,122, which is 24.53% higher than 2014 average rent. This represents a compounded annual growth rate of 4.48%. 2019 vacancy in Safety Harbor, FL was 5.10%.

The total population of the city of Safety Harbor, FL has grown 6.79% since 2010. As of 2018, the population was 18,031. The median household income of the Safety Harbor was $72,750, which is 20.66% higher than the national average.

  • submarket area Clearwater Submarket
  • avg rent $1,122
  • rent growth 24.53%
  • vacancy 5.10%
  • median income $72,750
  • population (2018) 18,031
  • population growth 6.79%
  • vs. nat'l avg 20.66%
  • zip code 34695

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