1031 Exchange Prairie Village, Missouri

 

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

Surrounding submarket Area

Prairie Village, Missouri is a part of the Merriam/Mission Submarket submarket area.

Prairie Village Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Prairie Village, MO submarket area was $902, which is 15.94% higher than 2014 average rent. This represents a compounded annual growth rate of 3.00%. 2019 vacancy in Prairie Village, MO was 2.90%.

The total population of the city of Prairie Village, MO has grown 4.39% since 2010. As of 2018, the population was 22,389. The median household income of the Prairie Village was $88,635, which is 47.01% higher than the national average.

  • submarket area Merriam / Mission Submarket
  • avg rent $902
  • rent growth 15.94%
  • vacancy 2.90%
  • median income $88,635
  • population (2018) 22,389
  • population growth 4.39%
  • vs. nat'l avg 47.01%

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities