Rent, population, and median household income are important factors to consider for a 1031 exchange in Wentzville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Wentzville, Missouri is a part of the St. Charles County Submarket submarket area, and contains zip code 63385.
Wentzville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Wentzville, 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 Wentzville, MO was 3.40%.
The total population of the city of Wentzville, MO has grown 41.60% since 2010. As of 2018, the population was 41,164. The median household income of the Wentzville was $86,551, which is 43.55% higher than the national average.
- submarket area St. Charles County Submarket
- avg rent $1,047
- rent growth 23.32%
- vacancy 3.40%
- median income $86,551
- population (2018) 41,164
- population growth 41.60%
- vs. nat'l avg 43.55%
- zip code 63385