Rent, population, and median household income are important factors to consider for a 1031 exchange in Creve Coeur due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Creve Coeur, Missouri is a part of the Maryland Heights Submarket submarket area.
Creve Coeur Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Creve Coeur, 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 Creve Coeur, MO was 3.30%.
The total population of the city of Creve Coeur, MO has decreased 1.66% since 2010. As of 2018, the population was 27,016. The median household income of the Creve Coeur was $11,550, which is 0.43% lower than the national average.
- submarket area Maryland Heights Submarket
- avg rent $1,060
- rent growth 19.10%
- vacancy 3.30%
- median income $11,550
- population (2018) 27,016
- population growth -1.66%
- vs. nat'l avg 0.43%