Rent, population, and median household income are important factors to consider for a 1031 exchange in Jennings due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Jennings, Missouri is a part of the Airport/I-70 Submarket submarket area.
Jennings Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Jennings, 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 Jennings, MO was 2.10%.
The total population of the city of Jennings, MO has decreased 0.03% since 2010. As of 2018, the population was 14,707. The median household income of the Jennings was $32,383, which is 46.29% lower than the national average.
- submarket area Airport / I-70 Submarket
- avg rent $646
- rent growth 11.00%
- vacancy 2.10%
- median income $32,383
- population (2018) 14,707
- population growth -0.03%
- vs. nat'l avg 46.29%