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

Herrin, IL has a median modeled monthly cash flow of $56 and a median cap rate of 6.9%, on a median sold price of $123,600. Prices changed -7.8% year over year.

What is the average cap rate in Herrin, IL?

The median cap rate across recently sold homes in Herrin, IL is 6.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Herrin, IL?

The median sold price in Herrin, IL is $123,600 (about $89 per square foot).

Investing in Herrin, IL Real Estate

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

A data-driven snapshot of the Herrin, 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.

$123,600Median sold price

$89Median $/sqft

6.9%Median cap rate

$56Modeled cash flow / mo

-7.8%Appreciation YoY

12.5Months of supply

197Active listings

189Sold (last 12 mo)

What the Herrin numbers say

In Herrin, IL, the median home sold for $123,600 (about $89 per square foot), and the typical deal models out to a 6.9% cap rate with a median $56 of monthly cash flow. Sold prices moved -7.8% over the past year. Inventory sits at about 12.5 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 Herrin cash-flowing listings

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