Rent, population, and median household income are important factors to consider for a 1031 exchange in Darien due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Darien, Illinois is a part of the Downers Grove Submarket submarket area, and contains zip code 60561.
Darien Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Darien, IL submarket area was $1,211, which is 14.57% higher than 2014 average rent. This represents a compounded annual growth rate of 2.76%. 2019 vacancy in Darien, IL was 3.60%.
The total population of the city of Darien, IL has decreased 0.60% since 2010. As of 2018, the population was 21,954. The median household income of the Darien was $90,904, which is 50.77% higher than the national average.
- submarket area Downers Grove Submarket
- avg rent $1,211
- rent growth 14.57%
- vacancy 3.60%
- median income $90,904
- population (2018) 21,954
- population growth -0.60%
- vs. nat'l avg 50.77%
- zip code 60561