1031 Exchange Zephyrhills, Florida

 

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

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