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1031 Exchange Florissant, Missouri

 

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

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