1031 Exchange Sauk Village, Illinois

 

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%

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