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

New Lenox, IL has a median modeled monthly cash flow of $-1,625 and a median cap rate of 2.3%, on a median sold price of $442,500. Prices changed +5.6% year over year.

What is the average cap rate in New Lenox, IL?

The median cap rate across recently sold homes in New Lenox, IL is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in New Lenox, IL?

The median sold price in New Lenox, IL is $442,500 (about $208 per square foot).

Investing in New Lenox, IL Real Estate

A data-driven snapshot of the New Lenox, 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.

$442,500Median sold price

$208Median $/sqft

2.3%Median cap rate

$-1,625Modeled cash flow / mo

+5.6%Appreciation YoY

10.3Months of supply

347Active listings

404Sold (last 12 mo)

What the New Lenox numbers say

In New Lenox, IL, the median home sold for $442,500 (about $208 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-1,625 of monthly cash flow. Sold prices moved +5.6% over the past year. Inventory sits at about 10.3 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 New Lenox cash-flowing listings

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