Rent, population, and median household income are important factors to consider for a 1031 exchange in Temple Terrace due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Temple Terrace, Florida is a part of the Temple Terrace Submarket submarket area.
Temple Terrace Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Temple Terrace, FL submarket area was $916, which is 20.05% higher than 2014 average rent. This represents a compounded annual growth rate of 3.72%. 2019 vacancy in Temple Terrace, FL was 4.00%.
The total population of the city of Temple Terrace, FL has grown 7.86% since 2010. As of 2018, the population was 26,471. The median household income of the Temple Terrace was $60,908, which is 1.02% higher than the national average.
- submarket area Temple Terrace Submarket
- avg rent $916
- rent growth 20.05%
- vacancy 4.00%
- median income $60,908
- population (2018) 26,471
- population growth 7.86%
- vs. nat'l avg 1.02%
