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