Is Algonquin, IL a good place to invest in rental property?

Algonquin, IL has a median modeled monthly cash flow of $-986 and a median cap rate of 3.8%, on a median sold price of $415,000. Prices changed +3.1% year over year.

What is the average cap rate in Algonquin, IL?

The median cap rate across recently sold homes in Algonquin, IL is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Algonquin, IL?

The median sold price in Algonquin, IL is $415,000 (about $201 per square foot).

Investing in Algonquin, IL Real Estate

A data-driven snapshot of the Algonquin, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$415,000Median sold price

$201Median $/sqft

3.8%Median cap rate

$-986Modeled cash flow / mo

+3.1%Appreciation YoY

4.8Months of supply

198Active listings

498Sold (last 12 mo)

What the Algonquin numbers say

In Algonquin, IL, the median home sold for $415,000 (about $201 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-986 of monthly cash flow. Sold prices moved +3.1% over the past year. Inventory sits at about 4.8 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Algonquin cash-flowing listings

CashFlowRE ranks every for-sale home in Algonquin, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Algonquin deals, or browse the national market data.