Rent, population, and median household income are important factors to consider for a 1031 exchange in St. Petersburg due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
St. Petersburg, Missouri is a part of the St. Charles County Submarket submarket area.
St. Petersburg Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the St. Petersburg, 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. Petersburg, MO was 3.40%.
The total population of the city of St. Petersburg, MO has grown 8.66% since 2010. As of 2018, the population was 57,127. The median household income of the St. Petersburg was $76,803, which is 27.38% higher than the national average.
- submarket area St. Charles County Submarket
- avg rent $1,047
- rent growth 23.32%
- vacancy 3.40%
- median income $76,803
- population (2018) 57,127
- population growth 8.66%
- vs. nat'l avg 27.38%