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1031 Exchange Carpentersville, Illinois

 

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

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