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1031 Exchange Bensenville, Illinois

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Bensenville due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Bensenville, Illinois is a part of the O'Hare Submarket submarket area, and contains zip codes 60105 and 60106.

Bensenville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bensenville, IL submarket area was $1,210, which is 18.86% higher than 2014 average rent. This represents a compounded annual growth rate of 3.52%. 2019 vacancy in Bensenville, IL was 9.40%.

The total population of the city of Bensenville, IL has decreased 0.69% since 2010. As of 2018, the population was 18,226. The median household income of the Bensenville was $61,660, which is 2.27% higher than the national average.

  • submarket area O'Hare Submarket
  • avg rent $1,210
  • rent growth 18.86%
  • vacancy 9.40%
  • median income $61,660
  • population (2018) 18,226
  • population growth -0.69%
  • vs. nat'l avg 2.27%
  • zip codes 60105 60106

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