Rent, population, and median household income are important factors to consider for a 1031 exchange in Ballwin due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Ballwin, Missouri is a part of the Manchester/West County Submarket submarket area, and contains 4 zip codes: 63021, 63022, 63024, and 63011.
Ballwin Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Ballwin, MO submarket area was $1,124, which is 22.04% higher than 2014 average rent. This represents a compounded annual growth rate of 4.06%. 2019 vacancy in Ballwin, MO was 6.50%.
The total population of the city of Ballwin, MO has decreased 0.71% since 2010. As of 2018, the population was 30,188. The median household income of the Ballwin was $91,886, which is 52.40% higher than the national average.
- submarket area Manchester / West County Submarket
- avg rent $1,124
- rent growth 22.04%
- vacancy 6.50%
- median income $91,886
- population (2018) 30,188
- population growth -0.71%
- vs. nat'l avg 52.40%
- zip codes 63011 63021 63022 63024