Rent, population, and median household income are important factors to consider for a 1031 exchange in Seminole due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Seminole, Florida is a part of the Pinellas Beaches Submarket submarket area, and contains 4 zip codes: 33772, 33777, 33776, and 33775.
Seminole Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Seminole, FL submarket area was $1,048, which is 28.75% lower than 2014 average rent. This represents a compounded annual growth rate of 5.18%. 2019 vacancy in Seminole, FL was 3.20%.
The total population of the city of Seminole, FL has grown 9.48% since 2010. As of 2018, the population was 18,866. The median household income of the Seminole was $48,051, which is 25.85% lower than the national average.
- submarket area Pinellas Beaches Submarket
- avg rent $1,048
- rent growth 28.75%
- vacancy 3.20%
- median income $48,051
- population (2018) 18,866
- population growth 9.48%
- vs. nat'l avg 25.85%
- zip codes 33772 33775 33776 33777
