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%
