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

Altamont, IL has a median modeled monthly cash flow of $-373 and a median cap rate of 3.6%, on a median sold price of $167,250. Prices changed +10.4% year over year.

What is the average cap rate in Altamont, IL?

The median cap rate across recently sold homes in Altamont, IL is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Altamont, IL?

The median sold price in Altamont, IL is $167,250 (about $122 per square foot).

Investing in Altamont, IL Real Estate

A data-driven snapshot of the Altamont, 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.

$167,250Median sold price

$122Median $/sqft

3.6%Median cap rate

$-373Modeled cash flow / mo

+10.4%Appreciation YoY

14.6Months of supply

39Active listings

32Sold (last 12 mo)

What the Altamont numbers say

In Altamont, IL, the median home sold for $167,250 (about $122 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-373 of monthly cash flow. Sold prices moved +10.4% over the past year. Inventory sits at about 14.6 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 Altamont cash-flowing listings

CashFlowRE ranks every for-sale home in Altamont, 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 Altamont deals, or browse the national market data.