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

Northfield, IL has a median modeled monthly cash flow of $-2,880 and a median cap rate of 2.1%, on a median sold price of $780,000. Prices changed -2.9% year over year.

What is the average cap rate in Northfield, IL?

The median cap rate across recently sold homes in Northfield, IL is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Northfield, IL?

The median sold price in Northfield, IL is $780,000 (about $335 per square foot).

Investing in Northfield, IL Real Estate

A data-driven snapshot of the Northfield, 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.

$780,000Median sold price

$335Median $/sqft

2.0%Median cap rate

$-2,880Modeled cash flow / mo

-2.9%Appreciation YoY

7.0Months of supply

57Active listings

98Sold (last 12 mo)

What the Northfield numbers say

In Northfield, IL, the median home sold for $780,000 (about $335 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-2,880 of monthly cash flow. Sold prices moved -2.9% over the past year. Inventory sits at about 7.0 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 Northfield cash-flowing listings

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