Rent, population, and median household income are important factors to consider for a 1031 exchange in Channahon due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Channahon, Illinois is a part of the Joliet Submarket submarket area, and contains zip code 60410.
Channahon Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Channahon, IL submarket area was $1,122, which is 23.57% higher than 2014 average rent. This represents a compounded annual growth rate of 4.32%. 2019 vacancy in Channahon, IL was 6.80%.
The total population of the city of Channahon, IL has grown 4.19% since 2010. As of 2018, the population was 13,086. The median household income of the Channahon was $91,372, which is 51.55% higher than the national average.
- submarket area Joliet Submarket
- avg rent $1,122
- rent growth 23.57%
- vacancy 6.80%
- median income $91,372
- population (2018) 13,086
- population growth 4.19%
- vs. nat'l avg 51.55%
- zip code 60410