Rent, population, and median household income are important factors to consider for a 1031 exchange in Huntley due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Huntley, Illinois is a part of the McHenry County Submarket submarket area, and contains zip code 60142.
Huntley Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Huntley, IL submarket area was $1,150, which is 16.16% higher than 2014 average rent. This represents a compounded annual growth rate of 3.04%. 2019 vacancy in Huntley, IL was 2.60%.
The total population of the city of Huntley, IL has grown 12.96% since 2010. As of 2018, the population was 27,440. The median household income of the Huntley was $75,597, which is 25.38% higher than the national average.
- submarket area McHenry County Submarket
- avg rent $1,150
- rent growth 16.16%
- vacancy 2.60%
- median income $75,597
- population (2018) 27,440
- population growth 12.96%
- vs. nat'l avg 25.38%
- zip code 60142