Rent, population, and median household income are important factors to consider for a 1031 exchange in Winter Springs due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Winter Springs, Florida is a part of the Far North Submarket submarket area, and contains zip codes 32708 and 32719.
Winter Springs Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Winter Springs, FL submarket area was $1,365, which is 33.30% higher than 2014 average rent. This represents a compounded annual growth rate of 5.92%. 2019 vacancy in Winter Springs, FL was 5.00%.
The total population of the city of Winter Springs, FL has grown 12.14% since 2010. As of 2018, the population was 37,321. The median household income of the Winter Springs was $70,417, which is 16.79% higher than the national average.
- submarket area Far North Submarket
- avg rent $1,365
- rent growth 33.30%
- vacancy 5.00%
- median income $70,417
- population (2018) 37,321
- population growth 12.14%
- vs. nat'l avg 16.79%
- zip codes 32708 32719