Rent, population, and median household income are important factors to consider for a 1031 exchange in Ferguson due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Ferguson, Missouri is a part of the Airport/I-70 Submarket submarket area.
Ferguson Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Ferguson, MO submarket area was $646, which is 11.00% lower than 2014 average rent. This represents a compounded annual growth rate of 2.11%. 2019 vacancy in Ferguson, MO was 2.10%.
The total population of the city of Ferguson, MO has decreased 2.23% since 2010. As of 2018, the population was 20,730. The median household income of the Ferguson was $41,657, which is 30.91% lower than the national average.
- submarket area Airport / I-70 Submarket
- avg rent $646
- rent growth 11.00%
- vacancy 2.10%
- median income $41,657
- population (2018) 20,730
- population growth -2.23%
- vs. nat'l avg 30.91%