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

Harvey, IL has a median modeled monthly cash flow of $352 and a median cap rate of 9.3%, on a median sold price of $115,000. Prices changed -11.8% year over year.

What is the average cap rate in Harvey, IL?

The median cap rate across recently sold homes in Harvey, IL is 9.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Harvey, IL?

The median sold price in Harvey, IL is $115,000 (about $93 per square foot).

Investing in Harvey, IL Real Estate

#74 cash-flow market in the U.S.

A data-driven snapshot of the Harvey, 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.

$115,000Median sold price

$93Median $/sqft

9.3%Median cap rate

$352Modeled cash flow / mo

-11.8%Appreciation YoY

11.1Months of supply

130Active listings

140Sold (last 12 mo)

What the Harvey numbers say

In Harvey, IL, the median home sold for $115,000 (about $93 per square foot), and the typical deal models out to a 9.3% cap rate with a median $352 of monthly cash flow. Sold prices moved -11.8% over the past year. Inventory sits at about 11.1 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 Harvey cash-flowing listings

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