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

Monticello, IL has a median modeled monthly cash flow of $-897 and a median cap rate of 2.7%, on a median sold price of $260,500. Prices changed +3.5% year over year.

What is the average cap rate in Monticello, IL?

The median cap rate across recently sold homes in Monticello, IL is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Monticello, IL?

The median sold price in Monticello, IL is $260,500 (about $160 per square foot).

Investing in Monticello, IL Real Estate

A data-driven snapshot of the Monticello, 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.

$260,500Median sold price

$160Median $/sqft

2.7%Median cap rate

$-897Modeled cash flow / mo

+3.5%Appreciation YoY

5.8Months of supply

60Active listings

124Sold (last 12 mo)

What the Monticello numbers say

In Monticello, IL, the median home sold for $260,500 (about $160 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-897 of monthly cash flow. Sold prices moved +3.5% over the past year. Inventory sits at about 5.8 months of supply. 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 Monticello cash-flowing listings

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