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

Algonquin, IL has a median modeled monthly cash flow of $-1,039 and a median cap rate of 3.5%, on a median sold price of $410,000. Prices changed +3.6% year over year.

What is the average cap rate in Algonquin, IL?

The median cap rate across recently sold homes in Algonquin, IL is 3.5%, 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 $410,000 (about $203 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.

$410,000Median sold price

$203Median $/sqft

3.5%Median cap rate

$-1,039Modeled cash flow / mo

+3.6%Appreciation YoY

8.9Months of supply

360Active listings

483Sold (last 12 mo)

What the Algonquin numbers say

In Algonquin, IL, the median home sold for $410,000 (about $203 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-1,039 of monthly cash flow. Sold prices moved +3.6% over the past year. Inventory sits at about 8.9 months of supply — a looser, buyer-friendly market. 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.