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

Cortland, IL has a median modeled monthly cash flow of $-863 and a median cap rate of 3.5%, on a median sold price of $273,700. Prices changed +11.7% year over year.

What is the average cap rate in Cortland, IL?

The median cap rate across recently sold homes in Cortland, IL is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cortland, IL?

The median sold price in Cortland, IL is $273,700 (about $181 per square foot).

Investing in Cortland, IL Real Estate

A data-driven snapshot of the Cortland, 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.

$273,700Median sold price

$181Median $/sqft

3.5%Median cap rate

$-863Modeled cash flow / mo

+11.7%Appreciation YoY

11.7Months of supply

76Active listings

78Sold (last 12 mo)

What the Cortland numbers say

In Cortland, IL, the median home sold for $273,700 (about $181 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-863 of monthly cash flow. Sold prices moved +11.7% over the past year. Inventory sits at about 11.7 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 Cortland cash-flowing listings

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