Rent, population, and median household income are important factors to consider for a 1031 exchange in Grandview due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Grandview, Missouri is a part of the Grandview/Far South Submarket submarket area, and contains zip code 64030.
Grandview Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Grandview, MO submarket area was $799, which is 9.60% lower than 2014 average rent. This represents a compounded annual growth rate of 1.85%. 2019 vacancy in Grandview, MO was 3.40%.
The total population of the city of Grandview, MO has grown 1.99% since 2010. As of 2018, the population was 24,962. The median household income of the Grandview was $44,892, which is 25.54% lower than the national average.
- submarket area Grandview / Far South Submarket
- avg rent $799
- rent growth 9.60%
- vacancy 3.40%
- median income $44,892
- population (2018) 24,962
- population growth 1.99%
- vs. nat'l avg 25.54%
- zip code 64030