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

Charleston, IL has a median modeled monthly cash flow of $-301 and a median cap rate of 4.0%, on a median sold price of $169,999. Prices changed +5.7% year over year.

What is the average cap rate in Charleston, IL?

The median cap rate across recently sold homes in Charleston, IL is 4.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Charleston, IL?

The median sold price in Charleston, IL is $169,999 (about $102 per square foot).

Investing in Charleston, IL Real Estate

A data-driven snapshot of the Charleston, 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.

$169,999Median sold price

$102Median $/sqft

4.0%Median cap rate

$-301Modeled cash flow / mo

+5.7%Appreciation YoY

4.6Months of supply

83Active listings

215Sold (last 12 mo)

What the Charleston numbers say

In Charleston, IL, the median home sold for $169,999 (about $102 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-301 of monthly cash flow. Sold prices moved +5.7% over the past year. Inventory sits at about 4.6 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 Charleston cash-flowing listings

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