Rent, population, and median household income are important factors to consider for a 1031 exchange in Treasure Island due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Treasure Island, Florida is a part of the Pinellas Beaches Submarket submarket area.
Treasure Island Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Treasure Island, FL submarket area was $1,048, which is 28.75% lower than 2014 average rent. This represents a compounded annual growth rate of 5.18%. 2019 vacancy in Treasure Island, FL was 3.20%.
The total population of the city of Treasure Island, FL has grown 3.61% since 2010. As of 2018, the population was 6,947. The median household income of the Treasure Island was $74,830, which is 20.30% lower than the national average.
- submarket area Pinellas Beaches Submarket
- avg rent $1,048
- rent growth 28.75%
- vacancy 3.20%
- median income $74,830
- population (2018) 6,947
- population growth 3.61%
- vs. nat'l avg 20.30%
