1031 Exchange Winter Springs, Florida

 

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

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