Rent, population, and median household income are important factors to consider for a 1031 exchange in University City due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
University City, Missouri is a part of the Clayton/Mid-County Submarket submarket area.
University City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the University City, MO submarket area was $1,323, which is 39.70% higher than 2014 average rent. This represents a compounded annual growth rate of 6.92%. 2019 vacancy in University City, MO was 5.90%.
The total population of the city of University City, MO has decreased 2.97% since 2010. As of 2018, the population was 34,322. The median household income of the University City was $60,508, which is 0.36% higher than the national average.
- submarket area Clayton / Mid-County Submarket
- avg rent $1,323
- rent growth 39.70%
- vacancy 5.90%
- median income $60,508
- population (2018) 34,322
- population growth -2.97%
- vs. nat'l avg 0.36%