Rent, population, and median household income are important factors to consider for a 1031 exchange in Tamarec due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Tamarec, Florida is a part of the Sunrise/Tamarac/North Lauderdale Submarket submarket area.
Tamarec Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Tamarec, FL submarket area was $1,371, which is 14.06% lower than 2014 average rent. This represents a compounded annual growth rate of 2.67%. 2019 vacancy in Tamarec, FL was 1.40%.
The total population of the city of Tamarec, FL has grown 9.31% since 2010. As of 2018, the population was 66,054. The median household income of the Tamarec was $49,423, which is 18.03% lower than the national average.
- submarket area Sunrise / Tamarac / North Lauderdale Submarket
- avg rent $1,371
- rent growth 14.06%
- vacancy 1.40%
- median income $49,423
- population (2018) 66,054
- population growth 9.31%
- vs. nat'l avg 18.03%