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

Elgin, IL has a median modeled monthly cash flow of $-790 and a median cap rate of 3.7%, on a median sold price of $350,000. Prices changed +5.6% year over year.

What is the average cap rate in Elgin, IL?

The median cap rate across recently sold homes in Elgin, IL is 3.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elgin, IL?

The median sold price in Elgin, IL is $350,000 (about $206 per square foot).

Investing in Elgin, IL Real Estate

A data-driven snapshot of the Elgin, 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.

$350,000Median sold price

$206Median $/sqft

3.7%Median cap rate

$-790Modeled cash flow / mo

+5.6%Appreciation YoY

9.8Months of supply

990Active listings

1,216Sold (last 12 mo)

What the Elgin numbers say

In Elgin, IL, the median home sold for $350,000 (about $206 per square foot), and the typical deal models out to a 3.7% cap rate with a median $-790 of monthly cash flow. Sold prices moved +5.6% over the past year. Inventory sits at about 9.8 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 Elgin cash-flowing listings

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