1031 Exchange Streamwood, Illinois

 

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

Surrounding submarket Area

Streamwood, Illinois is a part of the Schaumburg/Hoffman Submarket submarket area, and contains zip code 60107.

Streamwood Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Streamwood, IL submarket area was $1,213, which is 6.68% higher than 2014 average rent. This represents a compounded annual growth rate of 1.30%. 2019 vacancy in Streamwood, IL was 3.40%.

The total population of the city of Streamwood, IL has decreased 0.72% since 2010. As of 2018, the population was 39,570. The median household income of the Streamwood was $80,072, which is 32.80% higher than the national average.

  • submarket area Schaumburg / Hoffman Submarket
  • avg rent $1,213
  • rent growth 6.68%
  • vacancy 3.40%
  • median income $80,072
  • population (2018) 39,570
  • population growth -0.72%
  • vs. nat'l avg 32.80%
  • zip code 60107

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