Rent, population, and median household income are important factors to consider for a 1031 exchange in Olathe due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Olathe, Missouri is a part of the Olathe/Gardner Submarket submarket area.
Olathe Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Olathe, MO submarket area was $925, which is 23.99% higher than 2014 average rent. This represents a compounded annual growth rate of 4.40%. 2019 vacancy in Olathe, MO was 4.90%.
The total population of the city of Olathe, MO has grown 10.91% since 2010. As of 2018, the population was 139,605. The median household income of the Olathe was $85,318, which is 41.51% higher than the national average.
- submarket area Olathe / Gardner Submarket
- avg rent $925
- rent growth 23.99%
- vacancy 4.90%
- median income $85,318
- population (2018) 139,605
- population growth 10.91%
- vs. nat'l avg 41.51%