Rent, population, and median household income are important factors to consider for a 1031 exchange in Libertyville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Libertyville, Illinois is a part of the East Lake County Submarket submarket area, and contains zip code 60048.
Libertyville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Libertyville, IL submarket area was $1,273, which is 22.29% higher than 2014 average rent. This represents a compounded annual growth rate of 4.11%. 2019 vacancy in Libertyville, IL was 5.00%.
The total population of the city of Libertyville, IL has grown 0.22% since 2010. As of 2018, the population was 20,359. The median household income of the Libertyville was $130,732, which is 116.83% higher than the national average.
- submarket area East Lake County Submarket
- avg rent $1,273
- rent growth 22.29%
- vacancy 5.00%
- median income $130,732
- population (2018) 20,359
- population growth 0.22%
- vs. nat'l avg 116.83%
- zip code 60048
