Rent, population, and median household income are important factors to consider for a 1031 exchange in Greenwood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Greenwood, Missouri is a part of the Lee's Summit Submarket submarket area, and contains zip code 64034.
Greenwood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Greenwood, MO submarket area was $1,044, which is 36.47% higher than 2014 average rent. This represents a compounded annual growth rate of 6.42%. 2019 vacancy in Greenwood, MO was 2.50%.
The total population of the city of Greenwood, MO has grown 10.73% since 2010. As of 2018, the population was 5,781. The median household income of the Greenwood was $91,733, which is 52.15% higher than the national average.
- submarket area Lee's Summit Submarket
- avg rent $1,044
- rent growth 36.47%
- vacancy 2.50%
- median income $91,733
- population (2018) 5,781
- population growth 10.73%
- vs. nat'l avg 52.15%
- zip code 64034