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

Oak Forest, IL has a median modeled monthly cash flow of $-477 and a median cap rate of 4.4%, on a median sold price of $290,000. Prices changed +2.7% 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 4.4%, 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 $192 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

$192Median $/sqft

4.4%Median cap rate

$-477Modeled cash flow / mo

+2.7%Appreciation YoY

5.1Months of supply

145Active listings

338Sold (last 12 mo)

What the Oak Forest numbers say

In Oak Forest, IL, the median home sold for $290,000 (about $192 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-477 of monthly cash flow. Sold prices moved +2.7% over the past year. Inventory sits at about 5.1 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 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.