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

Elgin, IL has a median modeled monthly cash flow of $-981 and a median cap rate of 3.4%, on a median sold price of $342,673. Prices changed +5.2% year over year.

What is the average cap rate in Elgin, IL?

The median cap rate across recently sold homes in Elgin, IL is 3.4%, 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 $342,673 (about $202 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.

$342,673Median sold price

$202Median $/sqft

3.4%Median cap rate

$-981Modeled cash flow / mo

+5.2%Appreciation YoY

4.6Months of supply

475Active listings

1,240Sold (last 12 mo)

What the Elgin numbers say

In Elgin, IL, the median home sold for $342,673 (about $202 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-981 of monthly cash flow. Sold prices moved +5.2% 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 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.