Rent, population, and median household income are important factors to consider for a 1031 exchange in Sugar Grove due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Sugar Grove, Illinois is a part of the Kane County Submarket submarket area, and contains zip code 60554.
Sugar Grove Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Sugar Grove, IL submarket area was $1,424, which is 25.68% higher than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Sugar Grove, IL was 6.70%.
The total population of the city of Sugar Grove, IL has decreased 0.85% since 2010. As of 2018, the population was 9,803. The median household income of the Sugar Grove was $115,063, which is 90.84% higher than the national average.
- submarket area Kane County Submarket
- avg rent $1,424
- rent growth 25.68%
- vacancy 6.70%
- median income $115,063
- population (2018) 9,803
- population growth -0.85%
- vs. nat'l avg 90.84%
- zip code 60554