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1031 Exchange Carol Stream, Illinois

 

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

Surrounding submarket Area

Carol Stream, Illinois is a part of the Glen Ellyn/Wheaton Submarket submarket area, and contains 7 zip codes, including: 60132, 60188, 60128, 60197, 60199, and 60116.

Carol Stream Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Carol Stream, IL submarket area was $1,273, which is 17.87% higher than 2014 average rent. This represents a compounded annual growth rate of 3.34%. 2019 vacancy in Carol Stream, IL was 3.90%.

The total population of the city of Carol Stream, IL has decreased 0.28% since 2010. As of 2018, the population was 39,601. The median household income of the Carol Stream was $79,909, which is 32.53% higher than the national average.

  • submarket area Glen Ellyn / Wheaton Submarket
  • avg rent $1,273
  • rent growth 17.87%
  • vacancy 3.90%
  • median income $79,909
  • population (2018) 39,601
  • population growth -0.28%
  • vs. nat'l avg 32.53%
  • zip codes 60116 60122 60128 60132 60188 60197 60199

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