1031 Exchange Raytown, Missouri

 

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

Surrounding submarket Area

Raytown, Missouri is a part of the Raytown Submarket submarket area.

Raytown Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Raytown, MO submarket area was $768, which is 16.19% lower than 2014 average rent. This represents a compounded annual growth rate of 3.05%. 2019 vacancy in Raytown, MO was 2.30%.

The total population of the city of Raytown, MO has decreased 1.81% since 2010. As of 2018, the population was 28,993. The median household income of the Raytown was $52,650, which is 12.68% lower than the national average.

  • submarket area Raytown Submarket
  • avg rent $768
  • rent growth 16.19%
  • vacancy 2.30%
  • median income $52,650
  • population (2018) 28,993
  • population growth -1.81%
  • vs. nat'l avg 12.68%

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