1031 Exchange St. Pete Beach, Florida

 

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

Surrounding submarket Area

St. Pete Beach, Florida is a part of the Pinellas Beaches Submarket submarket area.

St. Pete Beach Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the St. Pete Beach, FL submarket area was $1,048, which is 28.75% higher than 2014 average rent. This represents a compounded annual growth rate of 5.18%. 2019 vacancy in St. Pete Beach, FL was 3.20%.

The total population of the city of St. Pete Beach, FL has grown 3.24% since 2010. As of 2018, the population was 9,649. The median household income of the St. Pete Beach was $75,912, which is 24.11% higher than the national average.

  • submarket area Pinellas Beaches Submarket
  • avg rent $1,048
  • rent growth 28.75%
  • vacancy 3.20%
  • median income $75,912
  • population (2018) 9,649
  • population growth 3.24%
  • vs. nat'l avg 24.11%

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