Rent, population, and median household income are important factors to consider for a 1031 exchange in St. Charles due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
St. Charles, Missouri is a part of the St. Charles County Submarket submarket area, and contains 4 zip codes: 63304, 63303, 63301, and 63302.
St. Charles Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the St. Charles, MO submarket area was $1,047, which is 23.32% higher than 2014 average rent. This represents a compounded annual growth rate of 4.28%. 2019 vacancy in St. Charles, MO was 3.40%.
The total population of the city of St. Charles, MO has grown 7.55% since 2010. As of 2018, the population was 70,764. The median household income of the St. Charles was $64,483, which is 6.95% higher than the national average.
- submarket area St. Charles County Submarket
- avg rent $1,047
- rent growth 23.32%
- vacancy 3.40%
- median income $64,483
- population (2018) 70,764
- population growth 7.55%
- vs. nat'l avg 6.95%
- zip codes 63301 63302 63303 63304