1031 Exchange Lisle, Illinois

 

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

Surrounding submarket Area

Lisle, Illinois is a part of the Woodridge/Lisle Submarket submarket area, and contains zip code 60532.

Lisle Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lisle, IL submarket area was $1,273, which is 11.57% higher than 2014 average rent. This represents a compounded annual growth rate of 2.21%. 2019 vacancy in Lisle, IL was 3.90%.

The total population of the city of Lisle, IL has grown 4.48% since 2010. As of 2018, the population was 23,394. The median household income of the Lisle was $87,106, which is 44.47% higher than the national average.

  • submarket area Woodridge / Lisle Submarket
  • avg rent $1,273
  • rent growth 11.57%
  • vacancy 3.90%
  • median income $87,106
  • population (2018) 23,394
  • population growth 4.48%
  • vs. nat'l avg 44.47%
  • zip code 60532

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