1031 Exchange Berwyn, Illinois

 

Surrounding submarket Area

Berwyn, Illinois is a part of the Oak Park Submarket submarket area, and contains zip code 60402.

Berwyn Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Berwyn, IL submarket area was $1,453, which is 41.89% higher than 2014 average rent. This represents a compounded annual growth rate of 7.25%. 2019 vacancy in Berwyn, IL was 5.10%.

The total population of the city of Berwyn, IL has decreased 3.07% since 2010. As of 2018, the population was 54,917. The median household income of the Berwyn was $60,811, which is 0.86% higher than the national average.

  • submarket area Oak Park Submarket
  • avg rent $1,453
  • rent growth 41.89%
  • vacancy 5.10%
  • median income $60,811
  • population (2018) 54,917
  • population growth -3.07%
  • vs. nat'l avg 0.86%
  • zip code 60402

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