Rent, population, and median household income are important factors to consider for a 1031 exchange in Moore due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Moore, Oklahoma is a part of the South Oklahoma City Submarket submarket area.
Moore Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Moore, OK submarket area was $660, which is 10.92% higher than 2014 average rent. This represents a compounded annual growth rate of 2.10%. 2019 vacancy in Moore, OK was 6.40%.
The total population of the city of Moore, OK has grown 12.75% since 2010. As of 2018, the population was 62,103. The median household income of the Moore was $64,810, which is 7.49% higher than the national average.
- submarket area South Oklahoma City Submarket
- avg rent $660
- rent growth 10.92%
- vacancy 6.40%
- median income $64,810
- population (2018) 62,103
- population growth 12.75%
- vs. nat'l avg 7.49%
