1031 Exchange Warrenville, Illinois

 

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

Surrounding submarket Area

Warrenville, Illinois is a part of the Glen Ellyn/Wheaton Submarket submarket area, and contains zip code 60555.

Warrenville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Warrenville, IL submarket area was $1,273, which is 17.87% higher than 2014 average rent. This represents a compounded annual growth rate of 3.34%. 2019 vacancy in Warrenville, IL was 3.90%.

The total population of the city of Warrenville, IL has grown 0.91% since 2010. As of 2018, the population was 13,260. The median household income of the Warrenville was $81,296, which is 34.83% higher than the national average.

  • submarket area Glen Ellyn / Wheaton Submarket
  • avg rent $1,273
  • rent growth 17.87%
  • vacancy 3.90%
  • median income $81,296
  • population (2018) 13,260
  • population growth 0.91%
  • vs. nat'l avg 34.83%
  • zip code 60555

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