Rent, population, and median household income are important factors to consider for a 1031 exchange in Olivette due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Olivette, Missouri is a part of the Clayton/Mid-County Submarket submarket area.
Olivette Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Olivette, MO submarket area was $1,323, which is 39.70% higher than 2014 average rent. This represents a compounded annual growth rate of 6.92%. 2019 vacancy in Olivette, MO was 5.90%.
The total population of the city of Olivette, MO has grown 1.23% since 2010. As of 2018, the population was 7,832. The median household income of the Olivette was $80,323, which is 33.22% higher than the national average.
- submarket area Clayton / Mid-County Submarket
- avg rent $1,323
- rent growth 39.70%
- vacancy 5.90%
- median income $80,323
- population (2018) 7,832
- population growth 1.23%
- vs. nat'l avg 33.22%
