1031 Exchange Parkville, Missouri

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Parkville due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Parkville, Missouri is a part of the Platte Submarket submarket area.

Parkville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Parkville, MO submarket area was $959, which is 22.32% higher than 2014 average rent. This represents a compounded annual growth rate of 4.11%. 2019 vacancy in Parkville, MO was 4.90%.

The total population of the city of Parkville, MO has grown 25.12% since 2010. As of 2018, the population was 6,949. The median household income of the Parkville was $127,887, which is 112.11% higher than the national average.

  • submarket area Platte Submarket
  • avg rent $959
  • rent growth 22.32%
  • vacancy 4.90%
  • median income $127,887
  • population (2018) 6,949
  • population growth 25.12%
  • vs. nat'l avg 112.11%

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