Rent, population, and median household income are important factors to consider for a 1031 exchange in South Holland due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
South Holland, Illinois is a part of the Southeast Cook County Submarket submarket area, and contains zip code 60473.
South Holland Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the South Holland, 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 South Holland, IL was 2.90%.
The total population of the city of South Holland, IL has decreased 2.39% since 2010. As of 2018, the population was 21,503. The median household income of the South Holland was $62,951, which is 4.41% higher than the national average.
- submarket area Southeast Cook County Submarket
- avg rent $936
- rent growth 8.33%
- vacancy 2.90%
- median income $62,951
- population (2018) 21,503
- population growth -2.39%
- vs. nat'l avg 4.41%
- zip code 60473