Rent, population, and median household income are important factors to consider for a 1031 exchange in Winter Park due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Winter Park, Florida is a part of the Maitland/Winter Park Submarket submarket area, and contains 4 zip codes: 32793, 32792, 32789, and 32790.
Winter Park Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Winter Park, FL submarket area was $1,950, which is 66.81% higher than 2014 average rent. This represents a compounded annual growth rate of 10.78%. 2019 vacancy in Winter Park, FL was 12.30%.
The total population of the city of Winter Park, FL has grown 11.51% since 2010. As of 2018, the population was 31,059. The median household income of the Winter Park was $71,749, which is 19.00% higher than the national average.
- submarket area Maitland / Winter Park Submarket
- avg rent $1,950
- rent growth 66.81%
- vacancy 12.30%
- median income $71,749
- population (2018) 31,059
- population growth 11.51%
- vs. nat'l avg 19.00%
- zip codes 32789 32790 32792 32793