Rent, population, and median household income are important factors to consider for a 1031 exchange in Florissant due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Florissant, Missouri is a part of the Florissant/North County Submarket submarket area, and contains 4 zip codes: 63031, 63032, 63033, and 63034.
Florissant Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Florissant, MO submarket area was $741, which is 7.24% lower than 2014 average rent. This represents a compounded annual growth rate of 1.41%. 2019 vacancy in Florissant, MO was 2.60%.
The total population of the city of Florissant, MO has decreased 1.70% since 2010. As of 2018, the population was 51,272. The median household income of the Florissant was $53,750, which is 10.85% lower than the national average.
- submarket area Florissant / North County Submarket
- avg rent $741
- rent growth 7.24%
- vacancy 2.60%
- median income $53,750
- population (2018) 51,272
- population growth -1.70%
- vs. nat'l avg 10.85%
- zip codes 63031 63032 63033 63034