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