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

Morris, IL has a median modeled monthly cash flow of $-695 and a median cap rate of 3.6%, on a median sold price of $310,000. Prices changed +4.6% year over year.

What is the average cap rate in Morris, IL?

The median cap rate across recently sold homes in Morris, IL is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Morris, IL?

The median sold price in Morris, IL is $310,000 (about $182 per square foot).

Investing in Morris, IL Real Estate

A data-driven snapshot of the Morris, 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.

$310,000Median sold price

$182Median $/sqft

3.6%Median cap rate

$-695Modeled cash flow / mo

+4.6%Appreciation YoY

9.0Months of supply

196Active listings

260Sold (last 12 mo)

What the Morris numbers say

In Morris, IL, the median home sold for $310,000 (about $182 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-695 of monthly cash flow. Sold prices moved +4.6% over the past year. Inventory sits at about 9.0 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 Morris cash-flowing listings

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