Rent, population, and median household income are important factors to consider for a 1031 exchange in Winthrop Harbor due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Winthrop Harbor, Illinois is a part of the East Lake County Submarket submarket area, and contains zip code 60096.
Winthrop Harbor Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Winthrop Harbor, IL submarket area was $1,273, which is 22.29% higher than 2014 average rent. This represents a compounded annual growth rate of 4.11%. 2019 vacancy in Winthrop Harbor, IL was 5.00%.
The total population of the city of Winthrop Harbor, IL has decreased 1.02% since 2010. As of 2018, the population was 6,673. The median household income of the Winthrop Harbor was $87,337, which is 44.85% higher than the national average.
- submarket area East Lake County Submarket
- avg rent $1,273
- rent growth 22.29%
- vacancy 5.00%
- median income $87,337
- population (2018) 6,673
- population growth -1.02%
- vs. nat'l avg 44.85%
- zip code 60096