Rent, population, and median household income are important factors to consider for a 1031 exchange in Liberty due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Liberty, Missouri is a part of the Gladstone/Liberty Submarket submarket area, and contains zip codes 64068 and 64069.
Liberty Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Liberty, MO submarket area was $810, which is 26.96% higher than 2014 average rent. This represents a compounded annual growth rate of 4.89%. 2019 vacancy in Liberty, MO was 5.10%.
The total population of the city of Liberty, MO has grown 9.02% since 2010. As of 2018, the population was 31,779. The median household income of the Liberty was $71,686, which is 18.90% higher than the national average.
- submarket area Gladstone / Liberty Submarket
- avg rent $810
- rent growth 26.96%
- vacancy 5.10%
- median income $71,686
- population (2018) 31,779
- population growth 9.02%
- vs. nat'l avg 18.90%
- zip codes 64068 64069