Rent, population, and median household income are important factors to consider for a 1031 exchange in Eurkea due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Eurkea, Missouri is a part of the Manchester/West County Submarket submarket area, and contains zip code 63025.
Eurkea Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Eurkea, 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 Eurkea, MO was 6.50%.
The total population of the city of Eurkea, MO has grown 5.59% since 2010. As of 2018, the population was 10,759. The median household income of the Eurkea was $106,000, which is 75.81% higher than the national average.
- submarket area Manchester / West County Submarket
- avg rent $1,124
- rent growth 22.04%
- vacancy 6.50%
- median income $106,000
- population (2018) 10,759
- population growth 5.59%
- vs. nat'l avg 75.81%
- zip code 63025