Rent, population, and median household income are important factors to consider for a 1031 exchange in Deerfield due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Deerfield, Illinois is a part of the East Lake County Submarket submarket area, and contains zip code 60015.
Deerfield Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Deerfield, IL submarket area was $1,273, which is 22.29% higher than 2014 average rent. This represents a compounded annual growth rate of 4.11%. 2019 vacancy in Deerfield, IL was 5.00%.
The total population of the city of Deerfield, IL has grown 3.04% since 2010. As of 2018, the population was 18,779. The median household income of the Deerfield was $144,229, which is 139.21% higher than the national average.
- submarket area East Lake County Submarket
- avg rent $1,273
- rent growth 22.29%
- vacancy 5.00%
- median income $144,229
- population (2018) 18,779
- population growth 3.04%
- vs. nat'l avg 139.21%
- zip code 60015