1031 Exchange Cicero, Illinois

 

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

Surrounding submarket Area

Cicero, Illinois is a part of the City West Submarket submarket area, and contains zip code 60804.

Cicero Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Cicero, IL submarket area was $1,846, which is 59.28% lower than 2014 average rent. This represents a compounded annual growth rate of 9.76%. 2019 vacancy in Cicero, IL was 8.80%.

The total population of the city of Cicero, IL has decreased 2.73% since 2010. As of 2018, the population was 81,597. The median household income of the Cicero was $47,487, which is 21.24% lower than the national average.

  • submarket area City West Submarket
  • avg rent $1,846
  • rent growth 59.28%
  • vacancy 8.80%
  • median income $47,487
  • population (2018) 81,597
  • population growth -2.73%
  • vs. nat'l avg 21.24%
  • zip code 60804

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