Rent, population, and median household income are important factors to consider for a 1031 exchange in Batavia due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Batavia, Illinois is a part of the Kane County Submarket submarket area, and contains zip code 60510.
Batavia Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Batavia, IL submarket area was $1,424, which is 25.68% higher than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Batavia, IL was 6.70%.
The total population of the city of Batavia, IL has grown 1.04% since 2010. As of 2018, the population was 26,316. The median household income of the Batavia was $95,522, which is 58.43% higher than the national average.
- submarket area Kane County Submarket
- avg rent $1,424
- rent growth 25.68%
- vacancy 6.70%
- median income $95,522
- population (2018) 26,316
- population growth 1.04%
- vs. nat'l avg 58.43%
- zip code 60510