Rent, population, and median household income are important factors to consider for a 1031 exchange in Lincolnwood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lincolnwood, Illinois is a part of the Rogers Park/Uptown Submarket submarket area, and contains zip code 60712.
Lincolnwood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lincolnwood, IL submarket area was $1,073, which is 26.38% higher than 2014 average rent. This represents a compounded annual growth rate of 4.79%. 2019 vacancy in Lincolnwood, IL was 5.30%.
The total population of the city of Lincolnwood, IL has decreased 1.91% since 2010. As of 2018, the population was 12,349. The median household income of the Lincolnwood was $93,250, which is 54.66% higher than the national average.
- submarket area Rogers Park / Uptown Submarket
- avg rent $1,073
- rent growth 26.38%
- vacancy 5.30%
- median income $93,250
- population (2018) 12,349
- population growth -1.91%
- vs. nat'l avg 54.66%
- zip code 60712