Rent, population, and median household income are important factors to consider for a 1031 exchange in Kirkwood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Kirkwood, Missouri is a part of the Clayton/Mid-County Submarket submarket area.
Kirkwood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Kirkwood, MO submarket area was $1,323, which is 39.70% higher than 2014 average rent. This represents a compounded annual growth rate of 6.92%. 2019 vacancy in Kirkwood, MO was 5.90%.
The total population of the city of Kirkwood, MO has grown 0.79% since 2010. As of 2018, the population was 27,758. The median household income of the Kirkwood was $88,378, which is 46.58% higher than the national average.
- submarket area Clayton / Mid-County Submarket
- avg rent $1,323
- rent growth 39.70%
- vacancy 5.90%
- median income $88,378
- population (2018) 27,758
- population growth 0.79%
- vs. nat'l avg 46.58%