1031 Exchange Wheaton, Illinois

 

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

Surrounding submarket Area

Wheaton, Illinois is a part of the Glen Ellyn/Wheaton Submarket submarket area, and contains zip codes 60187 and 60189.

Wheaton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Wheaton, 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 Wheaton, IL was 3.90%.

The total population of the city of Wheaton, IL has grown 0.48% since 2010. As of 2018, the population was 53,150. The median household income of the Wheaton was $98,544, which is 63.44% higher than the national average.

  • submarket area Glen Ellyn / Wheaton Submarket
  • avg rent $1,273
  • rent growth 17.87%
  • vacancy 3.90%
  • median income $98,544
  • population (2018) 53,150
  • population growth 0.48%
  • vs. nat'l avg 63.44%
  • zip codes 60187 60189

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