Rent, population, and median household income are important factors to consider for a 1031 exchange in West Dundee due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
West Dundee, Illinois is a part of the Kane County Submarket submarket area.
West Dundee Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the West Dundee, 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 West Dundee, IL was 6.70%.
The total population of the city of West Dundee, IL has grown 12.64% since 2010. As of 2018, the population was 8,258. The median household income of the West Dundee was $86,543, which is 43.54% higher than the national average.
- submarket area Kane County Submarket
- avg rent $1,424
- rent growth 25.68%
- vacancy 6.70%
- median income $86,543
- population (2018) 8,258
- population growth 12.64%
- vs. nat'l avg 43.54%