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

Des Plaines, IL has a median modeled monthly cash flow of $-898 and a median cap rate of 3.6%, on a median sold price of $365,000. Prices changed +3.5% year over year.

What is the average cap rate in Des Plaines, IL?

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

What is the median home price in Des Plaines, IL?

The median sold price in Des Plaines, IL is $365,000 (about $239 per square foot).

Investing in Des Plaines, IL Real Estate

A data-driven snapshot of the Des Plaines, 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.

$365,000Median sold price

$239Median $/sqft

3.6%Median cap rate

$-898Modeled cash flow / mo

+3.5%Appreciation YoY

4.2Months of supply

250Active listings

712Sold (last 12 mo)

What the Des Plaines numbers say

In Des Plaines, IL, the median home sold for $365,000 (about $239 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-898 of monthly cash flow. Sold prices moved +3.5% over the past year. Inventory sits at about 4.2 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 Des Plaines cash-flowing listings

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