1031 Exchange Tallahassee, Florida

 

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: 32309, 32313, 32302, 32305, 32314, and 32312.

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

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