1031 Exchange Bridgeton, Missouri

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Bridgeton due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Bridgeton, Missouri is a part of the Maryland Heights Submarket submarket area, and contains zip code 63044.

Bridgeton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bridgeton, MO submarket area was $1,060, which is 19.10% lower than 2014 average rent. This represents a compounded annual growth rate of 3.56%. 2019 vacancy in Bridgeton, MO was 3.30%.

The total population of the city of Bridgeton, MO has decreased 1.66% since 2010. As of 2018, the population was 27,016. The median household income of the Bridgeton was $17,833, which is 4.72% lower than the national average.

  • submarket area Maryland Heights Submarket
  • avg rent $1,060
  • rent growth 19.10%
  • vacancy 3.30%
  • median income $17,833
  • population (2018) 27,016
  • population growth -1.66%
  • vs. nat'l avg 4.72%
  • zip code 63044

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