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1031 Exchange Jennings, Missouri

 

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%

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