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

Skokie, IL has a median modeled monthly cash flow of $-1,154 and a median cap rate of 3.3%, on a median sold price of $469,000. Prices changed +4.2% year over year.

What is the average cap rate in Skokie, IL?

The median cap rate across recently sold homes in Skokie, IL is 3.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Skokie, IL?

The median sold price in Skokie, IL is $469,000 (about $273 per square foot).

Investing in Skokie, IL Real Estate

A data-driven snapshot of the Skokie, 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.

$469,000Median sold price

$273Median $/sqft

3.3%Median cap rate

$-1,154Modeled cash flow / mo

+4.2%Appreciation YoY

4.0Months of supply

122Active listings

367Sold (last 12 mo)

What the Skokie numbers say

In Skokie, IL, the median home sold for $469,000 (about $273 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-1,154 of monthly cash flow. Sold prices moved +4.2% over the past year. Inventory sits at about 4.0 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 Skokie cash-flowing listings

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