Rent, population, and median household income are important factors to consider for a 1031 exchange in Webster Groves due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Webster Groves, Missouri is a part of the Clayton/Mid-County Submarket submarket area.
Webster Groves Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Webster Groves, 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 Webster Groves, MO was 5.90%.
The total population of the city of Webster Groves, MO has decreased 0.46% since 2010. As of 2018, the population was 22,889. The median household income of the Webster Groves was $94,617, which is 56.93% higher than the national average.
- submarket area Clayton / Mid-County Submarket
- avg rent $1,323
- rent growth 39.70%
- vacancy 5.90%
- median income $94,617
- population (2018) 22,889
- population growth -0.46%
- vs. nat'l avg 56.93%