Rent, population, and median household income are important factors to consider for a 1031 exchange in Crestwood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Crestwood, Missouri is a part of the East of I-44 Submarket submarket area.
Crestwood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Crestwood, MO submarket area was $755, which is 13.36% higher than 2014 average rent. This represents a compounded annual growth rate of 2.54%. 2019 vacancy in Crestwood, MO was 2.00%.
The total population of the city of Crestwood, MO has decreased 0.52% since 2010. As of 2018, the population was 11,850. The median household income of the Crestwood was $76,875, which is 27.50% higher than the national average.
- submarket area East of I-44 Submarket
- avg rent $755
- rent growth 13.36%
- vacancy 2.00%
- median income $76,875
- population (2018) 11,850
- population growth -0.52%
- vs. nat'l avg 27.50%