1031 Exchange Tinley Park, Illinois

 

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

Surrounding submarket Area

Tinley Park, Illinois is a part of the Southwest Cook County Submarket submarket area, and contains zip codes 60477 and 60487.

Tinley Park Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Tinley Park, IL submarket area was $958, which is 9.11% higher than 2014 average rent. This represents a compounded annual growth rate of 1.76%. 2019 vacancy in Tinley Park, IL was 2.00%.

The total population of the city of Tinley Park, IL has decreased 0.88% since 2010. As of 2018, the population was 56,204. The median household income of the Tinley Park was $76,183, which is 26.35% higher than the national average.

  • submarket area Southwest Cook County Submarket
  • avg rent $958
  • rent growth 9.11%
  • vacancy 2.00%
  • median income $76,183
  • population (2018) 56,204
  • population growth -0.88%
  • vs. nat'l avg 26.35%
  • zip codes 60477 60487

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