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

Homewood, IL has a median modeled monthly cash flow of $-42 and a median cap rate of 6.1%, on a median sold price of $249,950. Prices changed -1.2% year over year.

What is the average cap rate in Homewood, IL?

The median cap rate across recently sold homes in Homewood, IL is 6.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Homewood, IL?

The median sold price in Homewood, IL is $249,950 (about $163 per square foot).

Investing in Homewood, IL Real Estate

A data-driven snapshot of the Homewood, 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.

$249,950Median sold price

$163Median $/sqft

6.1%Median cap rate

$-42Modeled cash flow / mo

-1.2%Appreciation YoY

7.4Months of supply

155Active listings

250Sold (last 12 mo)

What the Homewood numbers say

In Homewood, IL, the median home sold for $249,950 (about $163 per square foot), and the typical deal models out to a 6.1% cap rate with a median $-42 of monthly cash flow. Sold prices moved -1.2% over the past year. Inventory sits at about 7.4 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 Homewood cash-flowing listings

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