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

Essex, IL has a median modeled monthly cash flow of $-2,240 and a median cap rate of 1.0%, on a median sold price of $288,000. Prices changed +8.0% year over year.

What is the average cap rate in Essex, IL?

The median cap rate across recently sold homes in Essex, IL is 1.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Essex, IL?

The median sold price in Essex, IL is $288,000 (about $168 per square foot).

Investing in Essex, IL Real Estate

A data-driven snapshot of the Essex, 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.

$288,000Median sold price

$168Median $/sqft

1.0%Median cap rate

$-2,240Modeled cash flow / mo

+8.0%Appreciation YoY

0.7Months of supply

2Active listings

33Sold (last 12 mo)

What the Essex numbers say

In Essex, IL, the median home sold for $288,000 (about $168 per square foot), and the typical deal models out to a 1.0% cap rate with a median $-2,240 of monthly cash flow. Sold prices moved +8.0% over the past year. Inventory sits at about 0.7 months of supply — a tight, seller-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 Essex cash-flowing listings

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