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

Joliet, IL has a median modeled monthly cash flow of $-495 and a median cap rate of 4.8%, on a median sold price of $320,000. Prices changed +3.3% year over year.

What is the average cap rate in Joliet, IL?

The median cap rate across recently sold homes in Joliet, IL is 4.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Joliet, IL?

The median sold price in Joliet, IL is $320,000 (about $187 per square foot).

Investing in Joliet, IL Real Estate

A data-driven snapshot of the Joliet, 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.

$320,000Median sold price

$187Median $/sqft

4.8%Median cap rate

$-495Modeled cash flow / mo

+3.3%Appreciation YoY

2.2Months of supply

326Active listings

1,781Sold (last 12 mo)

What the Joliet numbers say

In Joliet, IL, the median home sold for $320,000 (about $187 per square foot), and the typical deal models out to a 4.8% cap rate with a median $-495 of monthly cash flow. Sold prices moved +3.3% over the past year. Inventory sits at about 2.2 months of supply — a tight, seller-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 Joliet cash-flowing listings

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