Rent, population, and median household income are important factors to consider for a 1031 exchange in Winfield due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Winfield, Illinois is a part of the Glen Ellyn/Wheaton Submarket submarket area, and contains zip code 60190.
Winfield Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Winfield, 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 Winfield, IL was 3.90%.
The total population of the city of Winfield, IL has grown 6.72% since 2010. As of 2018, the population was 9,690. The median household income of the Winfield was $107,216, which is 77.82% higher than the national average.
- submarket area Glen Ellyn / Wheaton Submarket
- avg rent $1,273
- rent growth 17.87%
- vacancy 3.90%
- median income $107,216
- population (2018) 9,690
- population growth 6.72%
- vs. nat'l avg 77.82%
- zip code 60190