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

Salem, IL has a median modeled monthly cash flow of $-92 and a median cap rate of 5.6%, on a median sold price of $160,000. Prices changed +2.0% year over year.

What is the average cap rate in Salem, IL?

The median cap rate across recently sold homes in Salem, IL is 5.6%, 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 $160,000 (about $100 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.

$160,000Median sold price

$100Median $/sqft

5.6%Median cap rate

$-92Modeled cash flow / mo

+2.0%Appreciation YoY

5.4Months of supply

53Active listings

117Sold (last 12 mo)

What the Salem numbers say

In Salem, IL, the median home sold for $160,000 (about $100 per square foot), and the typical deal models out to a 5.6% cap rate with a median $-92 of monthly cash flow. Sold prices moved +2.0% over the past year. Inventory sits at about 5.4 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.