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

Joliet, IL has a median modeled monthly cash flow of $-525 and a median cap rate of 4.7%, on a median sold price of $327,248. Prices changed +3.9% year over year.

What is the average cap rate in Joliet, IL?

The median cap rate across recently sold homes in Joliet, IL is 4.7%, 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 $327,248 (about $188 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.

$327,248Median sold price

$188Median $/sqft

4.7%Median cap rate

$-525Modeled cash flow / mo

+3.9%Appreciation YoY

3.4Months of supply

480Active listings

1,678Sold (last 12 mo)

What the Joliet numbers say

In Joliet, IL, the median home sold for $327,248 (about $188 per square foot), and the typical deal models out to a 4.7% cap rate with a median $-525 of monthly cash flow. Sold prices moved +3.9% over the past year. Inventory sits at about 3.4 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.

🔨 See 7 fix-and-flip deals in Joliet — listings where the estimated after-repair value beats list price + rehab.

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.