Rent, population, and median household income are important factors to consider for a 1031 exchange in Valley Park due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Valley Park, Missouri is a part of the Manchester/West County Submarket submarket area, and contains zip code 63088.
Valley Park Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Valley Park, MO submarket area was $1,124, which is 22.04% higher than 2014 average rent. This represents a compounded annual growth rate of 4.06%. 2019 vacancy in Valley Park, MO was 6.50%.
The total population of the city of Valley Park, MO has decreased 1.93% since 2010. As of 2018, the population was 6,808. The median household income of the Valley Park was $62,467, which is 3.61% higher than the national average.
- submarket area Manchester / West County Submarket
- avg rent $1,124
- rent growth 22.04%
- vacancy 6.50%
- median income $62,467
- population (2018) 6,808
- population growth -1.93%
- vs. nat'l avg 3.61%
- zip code 63088