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

Carbondale, IL has a median modeled monthly cash flow of $-186 and a median cap rate of 4.5%, on a median sold price of $139,250. Prices changed -1.1% year over year.

What is the average cap rate in Carbondale, IL?

The median cap rate across recently sold homes in Carbondale, IL is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Carbondale, IL?

The median sold price in Carbondale, IL is $139,250 (about $89 per square foot).

Investing in Carbondale, IL Real Estate

A data-driven snapshot of the Carbondale, 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.

$139,250Median sold price

$89Median $/sqft

4.5%Median cap rate

$-186Modeled cash flow / mo

-1.1%Appreciation YoY

11.5Months of supply

332Active listings

346Sold (last 12 mo)

What the Carbondale numbers say

In Carbondale, IL, the median home sold for $139,250 (about $89 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-186 of monthly cash flow. Sold prices moved -1.1% over the past year. Inventory sits at about 11.5 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 Carbondale cash-flowing listings

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