Rent, population, and median household income are important factors to consider for a 1031 exchange in St. Cloud due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
St. Cloud, Florida is a part of the Kissimmee/Osceola Submarket submarket area, and contains 5 zip codes: 37443, 34770, 34771, 34772, and 34769.
St. Cloud Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the St. Cloud, FL submarket area was $1,247, which is 33.80% lower than 2014 average rent. This represents a compounded annual growth rate of 6.00%. 2019 vacancy in St. Cloud, FL was 6.40%.
The total population of the city of St. Cloud, FL has grown 53.81% since 2010. As of 2018, the population was 54,115. The median household income of the St. Cloud was $54,979, which is 8.81% lower than the national average.
- submarket area Kissimmee / Osceola Submarket
- avg rent $1,247
- rent growth 33.80%
- vacancy 6.40%
- median income $54,979
- population (2018) 54,115
- population growth 53.81%
- vs. nat'l avg 8.81%
- zip codes 34769 34770 34771 34772 37443