1031 Exchange Columbia, Missouri

 

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

Surrounding metropolitan Area

Columbia, Missouri is a part of the Columbia, MO metropolitan area, and contains 11 zip codes, including: 65217, 65299, 65205, 65201, 65211, and 65218.

Columbia Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Columbia, MO metropolitan area was $810, which is 7.28% lower than 2014 average rent. This represents a compounded annual growth rate of 1.42%. 2019 vacancy in Columbia, MO was 6.50%.

The total population of the city of Columbia, MO has grown 13.53% since 2010. As of 2018, the population was 123,180. The median household income of the Columbia was $49,277, which is 18.27% lower than the national average.

  • metropolitan area Columbia, MO
  • avg rent $810
  • rent growth 7.28%
  • vacancy 6.50%
  • median income $49,277
  • population (2018) 123,180
  • population growth 13.53%
  • vs. nat'l avg 18.27%
  • zip codes 65201 65202 65203 65205 65211 65212 65215 65216 65217 65218 65299

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