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1031 Exchange Wilton Manors, Florida

 

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

Surrounding submarket Area

Wilton Manors, Florida is a part of the Oakland Park Submarket submarket area.

Wilton Manors Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Wilton Manors, FL submarket area was $1,472, which is 41.13% higher than 2014 average rent. This represents a compounded annual growth rate of 7.13%. 2019 vacancy in Wilton Manors, FL was 7.10%.

The total population of the city of Wilton Manors, FL has grown 10.02% since 2010. As of 2018, the population was 12,797. The median household income of the Wilton Manors was $64,532, which is 7.03% higher than the national average.

  • submarket area Oakland Park Submarket
  • avg rent $1,472
  • rent growth 41.13%
  • vacancy 7.10%
  • median income $64,532
  • population (2018) 12,797
  • population growth 10.02%
  • vs. nat'l avg 7.03%

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