Rent, population, and median household income are important factors to consider for a 1031 exchange in O'Fallon due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
O'Fallon, Missouri is a part of the St. Charles County Submarket submarket area.
O'Fallon Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the O'Fallon, 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 O'Fallon, MO was 3.40%.
The total population of the city of O'Fallon, MO has grown 11.53% since 2010. As of 2018, the population was 88,472. The median household income of the O'Fallon was $87,238, which is 44.69% higher than the national average.
- submarket area St. Charles County Submarket
- avg rent $1,047
- rent growth 23.32%
- vacancy 3.40%
- median income $87,238
- population (2018) 88,472
- population growth 11.53%
- vs. nat'l avg 44.69%