Rent, population, and median household income are important factors to consider for a 1031 exchange in Weston due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Weston, Florida is a part of the Davie Submarket submarket area.
Weston Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Weston, FL submarket area was $1,790, which is 28.50% higher than 2014 average rent. This represents a compounded annual growth rate of 5.14%. 2019 vacancy in Weston, FL was 4.90%.
The total population of the city of Weston, FL has decreased 73.66% since 2010. As of 2018, the population was 17,210. The median household income of the Weston was $100,110, which is 66.04% higher than the national average.
- submarket area Davie Submarket
- avg rent $1,790
- rent growth 28.50%
- vacancy 4.90%
- median income $100,110
- population (2018) 17,210
- population growth -73.66%
- vs. nat'l avg 66.04%