Rent, population, and median household income are important factors to consider for a 1031 exchange in Tallahassee due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Tallahassee, Florida is a part of the Tallahassee, FL metropolitan area area, and contains 20 zip codes, including: 32316, 32305, 32310, 32307, 32311, and 32315.
Tallahassee Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Tallahassee, FL metropolitan area area was $1,016, which is 17.32% lower than 2014 average rent. This represents a compounded annual growth rate of 3.25%. 2019 vacancy in Tallahassee, FL was 3.90%.
The total population of the city of Tallahassee, FL has grown 6.71% since 2010. As of 2018, the population was 193,554. The median household income of the Tallahassee was $43,799, which is 27.36% lower than the national average.
- metropolitan area area Tallahassee, FL
- avg rent $1,016
- rent growth 17.32%
- vacancy 3.90%
- median income $43,799
- population (2018) 193,554
- population growth 6.71%
- vs. nat'l avg 27.36%
- zip codes 32301 32302 32303 32304 32305 32306 32307 32308 32309 32310 32311 32312 32313 32314 32315 32316 32317 32318 32395 32399
