Rent, population, and median household income are important factors to consider for a 1031 exchange in Chesterfield due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Chesterfield, Missouri is a part of the Manchester/West County Submarket submarket area, and contains 3 zip codes: 63017, 63006, and 63005.
Chesterfield Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Chesterfield, 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 Chesterfield, MO was 6.50%.
The total population of the city of Chesterfield, MO has grown 0.34% since 2010. As of 2018, the population was 47,644. The median household income of the Chesterfield was $106,250, which is 76.22% higher than the national average.
- submarket area Manchester / West County Submarket
- avg rent $1,124
- rent growth 22.04%
- vacancy 6.50%
- median income $106,250
- population (2018) 47,644
- population growth 0.34%
- vs. nat'l avg 76.22%
- zip codes 63005 63006 63017