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

Herrin, IL has a median modeled monthly cash flow of $189 and a median cap rate of 8.5%, on a median sold price of $150,000. Prices changed +8.8% year over year.

What is the average cap rate in Herrin, IL?

The median cap rate across recently sold homes in Herrin, IL is 8.5%, 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 $150,000 (about $99 per square foot).

Investing in Herrin, IL Real Estate

#170 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.

$150,000Median sold price

$99Median $/sqft

8.5%Median cap rate

$189Modeled cash flow / mo

+8.8%Appreciation YoY

8.4Months of supply

118Active listings

169Sold (last 12 mo)

What the Herrin numbers say

In Herrin, IL, the median home sold for $150,000 (about $99 per square foot), and the typical deal models out to a 8.5% cap rate with a median $189 of monthly cash flow. Sold prices moved +8.8% over the past year. Inventory sits at about 8.4 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.