Rent, population, and median household income are important factors to consider for a 1031 exchange in Overland due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Overland, Missouri is a part of the Airport/I-70 Submarket submarket area.
Overland Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Overland, MO submarket area was $646, which is 11.00% lower than 2014 average rent. This represents a compounded annual growth rate of 2.11%. 2019 vacancy in Overland, MO was 2.10%.
The total population of the city of Overland, MO has decreased 2.65% since 2010. As of 2018, the population was 15,637. The median household income of the Overland was $44,860, which is 25.60% lower than the national average.
- submarket area Airport / I-70 Submarket
- avg rent $646
- rent growth 11.00%
- vacancy 2.10%
- median income $44,860
- population (2018) 15,637
- population growth -2.65%
- vs. nat'l avg 25.60%
