Rent, population, and median household income are important factors to consider for a 1031 exchange in Tequesta due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Tequesta, Florida is a part of the North Palm Beach Submarket submarket area.
Tequesta Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Tequesta, FL submarket area was $1,608, which is 32.13% higher than 2014 average rent. This represents a compounded annual growth rate of 5.73%. 2019 vacancy in Tequesta, FL was 5.40%.
The total population of the city of Tequesta, FL has grown 8.95% since 2010. As of 2018, the population was 6,133. The median household income of the Tequesta was $64,950, which is 7.72% higher than the national average.
- submarket area North Palm Beach Submarket
- avg rent $1,608
- rent growth 32.13%
- vacancy 5.40%
- median income $64,950
- population (2018) 6,133
- population growth 8.95%
- vs. nat'l avg 7.72%