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

Park Forest, IL has a median modeled monthly cash flow of $423 and a median cap rate of 9.7%, on a median sold price of $158,000. Prices changed -0.8% year over year.

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

The median cap rate across recently sold homes in Park Forest, IL is 9.7%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Park Forest, IL is $158,000 (about $124 per square foot).

Investing in Park Forest, IL Real Estate

#50 cash-flow market in the U.S.

A data-driven snapshot of the Park 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.

$158,000Median sold price

$124Median $/sqft

9.7%Median cap rate

$423Modeled cash flow / mo

-0.8%Appreciation YoY

7.9Months of supply

177Active listings

269Sold (last 12 mo)

What the Park Forest numbers say

In Park Forest, IL, the median home sold for $158,000 (about $124 per square foot), and the typical deal models out to a 9.7% cap rate with a median $423 of monthly cash flow. Sold prices moved -0.8% over the past year. Inventory sits at about 7.9 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 Park Forest cash-flowing listings

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