Rent, population, and median household income are important factors to consider for a 1031 exchange in Zephyrhills due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Zephyrhills, Florida is a part of the Pasco County Submarket submarket area, and contains 4 zip codes: 33541, 33539, 33542, and 33540.
Zephyrhills Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Zephyrhills, FL submarket area was $1,019, which is 25.65% lower than 2014 average rent. This represents a compounded annual growth rate of 4.67%. 2019 vacancy in Zephyrhills, FL was 8.30%.
The total population of the city of Zephyrhills, FL has grown 17.12% since 2010. As of 2018, the population was 15,563. The median household income of the Zephyrhills was $36,610, which is 21.93% lower than the national average.
- submarket area Pasco County Submarket
- avg rent $1,019
- rent growth 25.65%
- vacancy 8.30%
- median income $36,610
- population (2018) 15,563
- population growth 17.12%
- vs. nat'l avg 21.93%
- zip codes 33539 33540 33541 33542