Rent, population, and median household income are important factors to consider for a 1031 exchange in Carpentersville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Carpentersville, Illinois is a part of the Kane County Submarket submarket area, and contains zip code 60110.
Carpentersville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Carpentersville, 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 Carpentersville, IL was 6.70%.
The total population of the city of Carpentersville, IL has grown 0.14% since 2010. As of 2018, the population was 37,744. The median household income of the Carpentersville was $62,620, which is 3.86% higher than the national average.
- submarket area Kane County Submarket
- avg rent $1,424
- rent growth 25.68%
- vacancy 6.70%
- median income $62,620
- population (2018) 37,744
- population growth 0.14%
- vs. nat'l avg 3.86%
- zip code 60110