Rent, population, and median household income are important factors to consider for a 1031 exchange in Johnsburg due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Johnsburg, Illinois is a part of the McHenry County Submarket submarket area.
Johnsburg Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Johnsburg, 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 Johnsburg, IL was 2.60%.
The total population of the city of Johnsburg, IL has decreased 0.21% since 2010. As of 2018, the population was 6,324. The median household income of the Johnsburg was $114,344, which is 89.65% higher than the national average.
- submarket area McHenry County Submarket
- avg rent $1,150
- rent growth 16.16%
- vacancy 2.60%
- median income $114,344
- population (2018) 6,324
- population growth -0.21%
- vs. nat'l avg 89.65%