Is O'Fallon, IL a good place to invest in rental property?

O'Fallon, IL has a median modeled monthly cash flow of $-1,063 and a median cap rate of 3.2%, on a median sold price of $359,900. Prices changed +5.7% year over year.

What is the average cap rate in O'Fallon, IL?

The median cap rate across recently sold homes in O'Fallon, IL is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in O'Fallon, IL?

The median sold price in O'Fallon, IL is $359,900 (about $148 per square foot).

Investing in O'Fallon, IL Real Estate

A data-driven snapshot of the O'Fallon, 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.

$359,900Median sold price

$148Median $/sqft

3.2%Median cap rate

$-1,063Modeled cash flow / mo

+5.7%Appreciation YoY

8.1Months of supply

329Active listings

488Sold (last 12 mo)

What the O'Fallon numbers say

In O'Fallon, IL, the median home sold for $359,900 (about $148 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-1,063 of monthly cash flow. Sold prices moved +5.7% over the past year. Inventory sits at about 8.1 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 O'Fallon cash-flowing listings

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