Rent, population, and median household income are important factors to consider for a 1031 exchange in Shawnee due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Shawnee, Missouri is a part of the Shawnee/Lenexa Submarket submarket area.
Shawnee Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Shawnee, MO submarket area was $1,089, which is 34.44% higher than 2014 average rent. This represents a compounded annual growth rate of 6.10%. 2019 vacancy in Shawnee, MO was 4.50%.
The total population of the city of Shawnee, MO has grown 5.84% since 2010. As of 2018, the population was 65,845. The median household income of the Shawnee was $84,507, which is 40.16% higher than the national average.
- submarket area Shawnee / Lenexa Submarket
- avg rent $1,089
- rent growth 34.44%
- vacancy 4.50%
- median income $84,507
- population (2018) 65,845
- population growth 5.84%
- vs. nat'l avg 40.16%