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

Morton, IL has a median modeled monthly cash flow of $-917 and a median cap rate of 2.6%, on a median sold price of $272,450. Prices changed +4.7% year over year.

What is the average cap rate in Morton, IL?

The median cap rate across recently sold homes in Morton, IL is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Morton, IL?

The median sold price in Morton, IL is $272,450 (about $133 per square foot).

Investing in Morton, IL Real Estate

A data-driven snapshot of the Morton, 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.

$272,450Median sold price

$133Median $/sqft

2.6%Median cap rate

$-917Modeled cash flow / mo

+4.7%Appreciation YoY

4.4Months of supply

82Active listings

224Sold (last 12 mo)

What the Morton numbers say

In Morton, IL, the median home sold for $272,450 (about $133 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-917 of monthly cash flow. Sold prices moved +4.7% over the past year. Inventory sits at about 4.4 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 Morton cash-flowing listings

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