Rent, population, and median household income are important factors to consider for a 1031 exchange in Glenview due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Glenview, Illinois is a part of the Glenview/Evanston Submarket submarket area, and contains zip codes 60025 and 60026.
Glenview Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Glenview, IL submarket area was $1,560, which is 31.87% higher than 2014 average rent. This represents a compounded annual growth rate of 5.69%. 2019 vacancy in Glenview, IL was 6.30%.
The total population of the city of Glenview, IL has grown 5.74% since 2010. As of 2018, the population was 47,258. The median household income of the Glenview was $110,402, which is 83.11% higher than the national average.
- submarket area Glenview / Evanston Submarket
- avg rent $1,560
- rent growth 31.87%
- vacancy 6.30%
- median income $110,402
- population (2018) 47,258
- population growth 5.74%
- vs. nat'l avg 83.11%
- zip codes 60025 60026