Rent, population, and median household income are important factors to consider for a 1031 exchange in St. John due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
St. John, Missouri is a part of the Airport/I-70 Submarket submarket area.
St. John Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the St. John, MO submarket area was $646, which is 11.00% lower than 2014 average rent. This represents a compounded annual growth rate of 2.11%. 2019 vacancy in St. John, MO was 2.10%.
The total population of the city of St. John, MO has decreased 2.19% since 2010. As of 2018, the population was 6,374. The median household income of the St. John was $46,313, which is 23.19% lower than the national average.
- submarket area Airport / I-70 Submarket
- avg rent $646
- rent growth 11.00%
- vacancy 2.10%
- median income $46,313
- population (2018) 6,374
- population growth -2.19%
- vs. nat'l avg 23.19%
