1031 Exchange Sugar Grove, Illinois

 

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

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