1031 Exchange Kansas City, Missouri

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Kansas City due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Kansas City, Missouri is a part of the Kansas City, MO-KS metropolitan area, and contains 71 zip codes, including: 64101, 64134, 64117, 64184, 64195, and 64158.

Kansas City Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Kansas City, MO metropolitan area was $911, which is 23.61% lower than 2014 average rent. This represents a compounded annual growth rate of 4.33%. 2019 vacancy in Kansas City, MO was 4.60%.

The total population of the city of Kansas City, MO has grown 6.99% since 2010. As of 2018, the population was 491,918. The median household income of the Kansas City was $52,405, which is 13.08% lower than the national average.

  • metropolitan area Kansas City, MO-KS
  • avg rent $911
  • rent growth 23.61%
  • vacancy 4.60%
  • median income $52,405
  • population (2018) 491,918
  • population growth 6.99%
  • vs. nat'l avg 13.08%
  • zip codes 64101 64102 64105 64106 64108 64109 64110 64111 64112 64113 64114 64116 64117 64118 64119 64120 64121 64123 64124 64125 64126 64127 64128 64129 64130 64131 64132 64133 64134 64136 64137 64138 64139 64141 64144 64145 64146 64147 64148 64149 64151 64152 64153 64154 64155 64156 64157 64158 64161 64162 64163 64164 64165 64166 64167 64168 64170 64171 64179 64180 64184 64187 64188 64190 64191 64195 64196 64197 64198 64199 64999

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