Rent, population, and median household income are important factors to consider for a 1031 exchange in Winter Garden due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Winter Garden, Florida is a part of the Northwest/441 Submarket submarket area, and contains 3 zip codes: 34778, 34787, and 34777.
Winter Garden Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Winter Garden, FL submarket area was $977, which is 42.21% higher than 2014 average rent. This represents a compounded annual growth rate of 7.30%. 2019 vacancy in Winter Garden, FL was 3.40%.
The total population of the city of Winter Garden, FL has grown 30.95% since 2010. As of 2018, the population was 45,266. The median household income of the Winter Garden was $64,683, which is 7.28% higher than the national average.
- submarket area Northwest / 441 Submarket
- avg rent $977
- rent growth 42.21%
- vacancy 3.40%
- median income $64,683
- population (2018) 45,266
- population growth 30.95%
- vs. nat'l avg 7.28%
- zip codes 34777 34778 34787