Is Prospect Heights, IL a good place to invest in rental property?

Prospect Heights, IL has a median modeled monthly cash flow of $-1,243 and a median cap rate of 2.2%, on a median sold price of $280,000. Prices changed +3.7% year over year.

What is the average cap rate in Prospect Heights, IL?

The median cap rate across recently sold homes in Prospect Heights, IL is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Prospect Heights, IL?

The median sold price in Prospect Heights, IL is $280,000 (about $225 per square foot).

Investing in Prospect Heights, IL Real Estate

A data-driven snapshot of the Prospect Heights, 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.

$280,000Median sold price

$225Median $/sqft

2.2%Median cap rate

$-1,243Modeled cash flow / mo

+3.7%Appreciation YoY

4.3Months of supply

72Active listings

201Sold (last 12 mo)

What the Prospect Heights numbers say

In Prospect Heights, IL, the median home sold for $280,000 (about $225 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-1,243 of monthly cash flow. Sold prices moved +3.7% over the past year. Inventory sits at about 4.3 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 Prospect Heights cash-flowing listings

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