Rent, population, and median household income are important factors to consider for a 1031 exchange in Lake St. Louis due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lake St. Louis, Missouri is a part of the St. Charles County Submarket submarket area, and contains zip code 63367.
Lake St. Louis Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lake St. Louis, MO submarket area was $1,047, which is 23.32% higher than 2014 average rent. This represents a compounded annual growth rate of 4.28%. 2019 vacancy in Lake St. Louis, MO was 3.40%.
The total population of the city of Lake St. Louis, MO has grown 11.58% since 2010. As of 2018, the population was 16,230. The median household income of the Lake St. Louis was $88,750, which is 47.20% higher than the national average.
- submarket area St. Charles County Submarket
- avg rent $1,047
- rent growth 23.32%
- vacancy 3.40%
- median income $88,750
- population (2018) 16,230
- population growth 11.58%
- vs. nat'l avg 47.20%
- zip code 63367
