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

Oak Forest, IL has a median modeled monthly cash flow of $-460 and a median cap rate of 4.5%, on a median sold price of $290,000. Prices changed +3.0% year over year.

What is the average cap rate in Oak Forest, IL?

The median cap rate across recently sold homes in Oak Forest, IL is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Oak Forest, IL?

The median sold price in Oak Forest, IL is $290,000 (about $191 per square foot).

Investing in Oak Forest, IL Real Estate

A data-driven snapshot of the Oak Forest, 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.

$290,000Median sold price

$191Median $/sqft

4.5%Median cap rate

$-460Modeled cash flow / mo

+3.0%Appreciation YoY

3.2Months of supply

91Active listings

345Sold (last 12 mo)

What the Oak Forest numbers say

In Oak Forest, IL, the median home sold for $290,000 (about $191 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-460 of monthly cash flow. Sold prices moved +3.0% over the past year. Inventory sits at about 3.2 months of supply — a tight, seller-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 Oak Forest cash-flowing listings

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