1031 Exchange Maryland Heights, Missouri

 

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

Surrounding submarket Area

Maryland Heights, Missouri is a part of the Maryland Heights Submarket submarket area, and contains zip code 63043.

Maryland Heights Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Maryland Heights, MO submarket area was $1,060, which is 19.10% higher than 2014 average rent. This represents a compounded annual growth rate of 3.56%. 2019 vacancy in Maryland Heights, MO was 3.30%.

The total population of the city of Maryland Heights, MO has decreased 1.66% since 2010. As of 2018, the population was 27,016. The median household income of the Maryland Heights was $63,594, which is 5.47% higher than the national average.

  • submarket area Maryland Heights Submarket
  • avg rent $1,060
  • rent growth 19.10%
  • vacancy 3.30%
  • median income $63,594
  • population (2018) 27,016
  • population growth -1.66%
  • vs. nat'l avg 5.47%
  • zip code 63043

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