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

Erie, IL has a median modeled monthly cash flow of $-294 and a median cap rate of 4.4%, on a median sold price of $150,000. Prices changed -4.1% year over year.

What is the average cap rate in Erie, IL?

The median cap rate across recently sold homes in Erie, IL is 4.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Erie, IL?

The median sold price in Erie, IL is $150,000 (about $93 per square foot).

Investing in Erie, IL Real Estate

A data-driven snapshot of the Erie, 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.

$150,000Median sold price

$93Median $/sqft

4.4%Median cap rate

$-294Modeled cash flow / mo

-4.1%Appreciation YoY

7.5Months of supply

20Active listings

32Sold (last 12 mo)

What the Erie numbers say

In Erie, IL, the median home sold for $150,000 (about $93 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-294 of monthly cash flow. Sold prices moved -4.1% over the past year. Inventory sits at about 7.5 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 Erie cash-flowing listings

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