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1031 Exchange Tampa-St. Petersburg, Florida

 

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

Surrounding metropolitan area Area

Tampa-St. Petersburg, Florida is a part of the Tampa-St. Petersburg-Clearwater, FL metropolitan area area, and contains 58 zip codes, including: 33664, 33603, 33616, 33689, 33602, and 33601.

Tampa-St. Petersburg Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Tampa-St. Petersburg, FL metropolitan area area was $1,125, which is 27.12% lower than 2014 average rent. This represents a compounded annual growth rate of 4.92%. 2019 vacancy in Tampa-St. Petersburg, FL was 5.00%.

The total population of the city of Tampa-St. Petersburg, FL has grown 17.03% since 2010. As of 2018, the population was 392,890. The median household income of the Tampa-St. Petersburg was $50,909, which is 15.56% lower than the national average.

  • metropolitan area area Tampa-St. Petersburg-Clearwater, FL
  • avg rent $1,125
  • rent growth 27.12%
  • vacancy 5.00%
  • median income $50,909
  • population (2018) 392,890
  • population growth 17.03%
  • vs. nat'l avg 15.56%
  • zip codes 33601 33602 33603 33604 33605 33606 33607 33608 33609 33610 33611 33612 33613 33614 33615 33616 33617 33618 33619 33620 33621 33622 33623 33624 33625 33626 33629 33630 33631 33633 33634 33635 33637 33646 33647 33650 33655 33660 33661 33662 33663 33664 33672 33673 33674 33675 33677 33679 33680 33681 33682 33684 33685 33686 33687 33688 33689 33694

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