Rent, population, and median household income are important factors to consider for a 1031 exchange in Matteson due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Matteson, Illinois is a part of the Southeast Cook County Submarket submarket area, and contains zip code 60443.
Matteson Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Matteson, IL submarket area was $936, which is 8.33% higher than 2014 average rent. This represents a compounded annual growth rate of 1.61%. 2019 vacancy in Matteson, IL was 2.90%.
The total population of the city of Matteson, IL has grown 2.39% since 2010. As of 2018, the population was 19,464. The median household income of the Matteson was $81,692, which is 35.49% higher than the national average.
- submarket area Southeast Cook County Submarket
- avg rent $936
- rent growth 8.33%
- vacancy 2.90%
- median income $81,692
- population (2018) 19,464
- population growth 2.39%
- vs. nat'l avg 35.49%
- zip code 60443