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

Prairie Grove, IL has a median modeled monthly cash flow of $-840 and a median cap rate of 3.5%, on a median sold price of $530,000. Prices changed -4.4% year over year.

What is the average cap rate in Prairie Grove, IL?

The median cap rate across recently sold homes in Prairie Grove, IL is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Prairie Grove, IL?

The median sold price in Prairie Grove, IL is $530,000 (about $174 per square foot).

Investing in Prairie Grove, IL Real Estate

A data-driven snapshot of the Prairie Grove, 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.

$530,000Median sold price

$174Median $/sqft

3.5%Median cap rate

$-840Modeled cash flow / mo

-4.4%Appreciation YoY

5.5Months of supply

27Active listings

59Sold (last 12 mo)

What the Prairie Grove numbers say

In Prairie Grove, IL, the median home sold for $530,000 (about $174 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-840 of monthly cash flow. Sold prices moved -4.4% over the past year. Inventory sits at about 5.5 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 Prairie Grove cash-flowing listings

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