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

Frankfort, IL has a median modeled monthly cash flow of $-2,695 and a median cap rate of 1.4%, on a median sold price of $565,000. Prices changed +4.8% year over year.

What is the average cap rate in Frankfort, IL?

The median cap rate across recently sold homes in Frankfort, IL is 1.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Frankfort, IL?

The median sold price in Frankfort, IL is $565,000 (about $206 per square foot).

Investing in Frankfort, IL Real Estate

A data-driven snapshot of the Frankfort, 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.

$565,000Median sold price

$206Median $/sqft

1.4%Median cap rate

$-2,695Modeled cash flow / mo

+4.8%Appreciation YoY

5.4Months of supply

148Active listings

326Sold (last 12 mo)

What the Frankfort numbers say

In Frankfort, IL, the median home sold for $565,000 (about $206 per square foot), and the typical deal models out to a 1.4% cap rate with a median $-2,695 of monthly cash flow. Sold prices moved +4.8% over the past year. Inventory sits at about 5.4 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 Frankfort cash-flowing listings

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