Rent, population, and median household income are important factors to consider for a 1031 exchange in Arnold due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Arnold, Missouri is a part of the South Submarket submarket area, and contains zip code 63010.
Arnold Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Arnold, MO submarket area was $783, which is 11.86% higher than 2014 average rent. This represents a compounded annual growth rate of 2.27%. 2019 vacancy in Arnold, MO was 2.60%.
The total population of the city of Arnold, MO has grown 1.27% since 2010. As of 2018, the population was 21,073. The median household income of the Arnold was $63,702, which is 5.65% higher than the national average.
- submarket area South Submarket
- avg rent $783
- rent growth 11.86%
- vacancy 2.60%
- median income $63,702
- population (2018) 21,073
- population growth 1.27%
- vs. nat'l avg 5.65%
- zip code 63010