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1031 Exchange Olathe, Missouri

 

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%

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