1031 Exchange Lake in the Hills, Illinois

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Lake in the Hills due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Lake in the Hills, Illinois is a part of the McHenry County Submarket submarket area, and contains zip code 60156.

Lake in the Hills Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lake in the Hills, 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 Lake in the Hills, IL was 2.60%.

The total population of the city of Lake in the Hills, IL has decreased 0.45% since 2010. As of 2018, the population was 28,835. The median household income of the Lake in the Hills was $90,984, which is 50.90% higher than the national average.

  • submarket area McHenry County Submarket
  • avg rent $1,150
  • rent growth 16.16%
  • vacancy 2.60%
  • median income $90,984
  • population (2018) 28,835
  • population growth -0.45%
  • vs. nat'l avg 50.90%
  • zip code 60156

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