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
