1031 Exchange Merriam, Missouri

 

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

Surrounding submarket Area

Merriam, Missouri is a part of the Merriam/Mission Submarket submarket area.

Merriam Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Merriam, MO submarket area was $902, which is 15.94% lower than 2014 average rent. This represents a compounded annual growth rate of 3.00%. 2019 vacancy in Merriam, MO was 2.90%.

The total population of the city of Merriam, MO has grown 1.59% since 2010. As of 2018, the population was 11,178. The median household income of the Merriam was $59,643, which is 1.08% lower than the national average.

  • submarket area Merriam / Mission Submarket
  • avg rent $902
  • rent growth 15.94%
  • vacancy 2.90%
  • median income $59,643
  • population (2018) 11,178
  • population growth 1.59%
  • vs. nat'l avg 1.08%

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities