Rent, population, and median household income are important factors to consider for a 1031 exchange in Hinsdale due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hinsdale, Illinois is a part of the Downers Grove Submarket submarket area, and contains zip codes 60521 and 60522.
Hinsdale Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hinsdale, 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 Hinsdale, IL was 3.60%.
The total population of the city of Hinsdale, IL has grown 4.97% since 2010. As of 2018, the population was 17,652. The median household income of the Hinsdale was $188,684, which is 212.95% higher than the national average.
- submarket area Downers Grove Submarket
- avg rent $1,211
- rent growth 14.57%
- vacancy 3.60%
- median income $188,684
- population (2018) 17,652
- population growth 4.97%
- vs. nat'l avg 212.95%
- zip codes 60521 60522