Rent, population, and median household income are important factors to consider for a 1031 exchange in Tarpon Springs due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Tarpon Springs, Florida is a part of the North Pinellas Submarket submarket area, and contains zip codes 34688 and 34689.
Tarpon Springs Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Tarpon Springs, FL submarket area was $1,166, which is 21.97% lower than 2014 average rent. This represents a compounded annual growth rate of 4.05%. 2019 vacancy in Tarpon Springs, FL was 4.80%.
The total population of the city of Tarpon Springs, FL has grown 8.89% since 2010. As of 2018, the population was 25,571. The median household income of the Tarpon Springs was $48,415, which is 19.70% lower than the national average.
- submarket area North Pinellas Submarket
- avg rent $1,166
- rent growth 21.97%
- vacancy 4.80%
- median income $48,415
- population (2018) 25,571
- population growth 8.89%
- vs. nat'l avg 19.70%
- zip codes 34688 34689