Rent, population, and median household income are important factors to consider for a 1031 exchange in Sauk Village due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Sauk Village, Illinois is a part of the Southeast Cook County Submarket submarket area.
Sauk Village Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Sauk Village, IL submarket area was $936, which is 8.33% lower than 2014 average rent. This represents a compounded annual growth rate of 1.61%. 2019 vacancy in Sauk Village, IL was 2.90%.
The total population of the city of Sauk Village, IL has decreased 1.52% since 2010. As of 2018, the population was 10,346. The median household income of the Sauk Village was $42,105, which is 30.17% lower than the national average.
- submarket area Southeast Cook County Submarket
- avg rent $936
- rent growth 8.33%
- vacancy 2.90%
- median income $42,105
- population (2018) 10,346
- population growth -1.52%
- vs. nat'l avg 30.17%
