Rent, population, and median household income are important factors to consider for a 1031 exchange in Woodstock due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Woodstock, Illinois is a part of the McHenry County Submarket submarket area, and contains zip code 60098.
Woodstock Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Woodstock, IL submarket area was $1,150, which is 16.16% higher than 2014 average rent. This represents a compounded annual growth rate of 3.04%. 2019 vacancy in Woodstock, IL was 2.60%.
The total population of the city of Woodstock, IL has grown 2.01% since 2010. As of 2018, the population was 25,268. The median household income of the Woodstock was $60,940, which is 1.07% higher than the national average.
- submarket area McHenry County Submarket
- avg rent $1,150
- rent growth 16.16%
- vacancy 2.60%
- median income $60,940
- population (2018) 25,268
- population growth 2.01%
- vs. nat'l avg 1.07%
- zip code 60098