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

Salem, IL has a median modeled monthly cash flow of $-286 and a median cap rate of 4.7%, on a median sold price of $147,500. Prices changed +3.6% year over year.

What is the average cap rate in Salem, IL?

The median cap rate across recently sold homes in Salem, IL is 4.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salem, IL?

The median sold price in Salem, IL is $147,500 (about $102 per square foot).

Investing in Salem, IL Real Estate

A data-driven snapshot of the Salem, 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.

$147,500Median sold price

$102Median $/sqft

4.7%Median cap rate

$-286Modeled cash flow / mo

+3.6%Appreciation YoY

6.3Months of supply

79Active listings

151Sold (last 12 mo)

What the Salem numbers say

In Salem, IL, the median home sold for $147,500 (about $102 per square foot), and the typical deal models out to a 4.7% cap rate with a median $-286 of monthly cash flow. Sold prices moved +3.6% over the past year. Inventory sits at about 6.3 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 Salem cash-flowing listings

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