1031 Exchange Chesterfield, Missouri

 

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: 63005, 63017, and 63006.

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

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