Rent, population, and median household income are important factors to consider for a 1031 exchange in Winnetka due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Winnetka, Illinois is a part of the Glenview/Evanston Submarket submarket area, and contains zip code 60093.
Winnetka Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Winnetka, IL submarket area was $1,560, which is 31.87% higher than 2014 average rent. This represents a compounded annual growth rate of 5.69%. 2019 vacancy in Winnetka, IL was 6.30%.
The total population of the city of Winnetka, IL has grown 1.62% since 2010. As of 2018, the population was 12,385. The median household income of the Winnetka was $220,578, which is 265.84% higher than the national average.
- submarket area Glenview / Evanston Submarket
- avg rent $1,560
- rent growth 31.87%
- vacancy 6.30%
- median income $220,578
- population (2018) 12,385
- population growth 1.62%
- vs. nat'l avg 265.84%
- zip code 60093