Rent, population, and median household income are important factors to consider for a 1031 exchange in Hampshire due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hampshire, Illinois is a part of the Kane County Submarket submarket area, and contains zip code 60140.
Hampshire Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hampshire, IL submarket area was $1,424, which is 25.68% higher than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Hampshire, IL was 6.70%.
The total population of the city of Hampshire, IL has grown 13.68% since 2010. As of 2018, the population was 6,324. The median household income of the Hampshire was $102,418, which is 69.87% higher than the national average.
- submarket area Kane County Submarket
- avg rent $1,424
- rent growth 25.68%
- vacancy 6.70%
- median income $102,418
- population (2018) 6,324
- population growth 13.68%
- vs. nat'l avg 69.87%
- zip code 60140