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%
