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1031 Exchange Wellington, Florida

 

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

Surrounding submarket Area

Wellington, Florida is a part of the Green Acres City/Palm Springs/Lake Worth Submarket submarket area, and contains zip code 33414.

Wellington Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Wellington, FL submarket area was $1,319, which is 15.40% higher than 2014 average rent. This represents a compounded annual growth rate of 2.91%. 2019 vacancy in Wellington, FL was 5.70%.

The total population of the city of Wellington, FL has grown 15.38% since 2010. As of 2018, the population was 65,200. The median household income of the Wellington was $91,088, which is 51.08% higher than the national average.

  • submarket area Green Acres City / Palm Springs / Lake Worth Submarket
  • avg rent $1,319
  • rent growth 15.40%
  • vacancy 5.70%
  • median income $91,088
  • population (2018) 65,200
  • population growth 15.38%
  • vs. nat'l avg 51.08%
  • zip code 33414

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