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

Skokie, IL has a median modeled monthly cash flow of $-1,538 and a median cap rate of 3.2%, on a median sold price of $450,000. Prices changed +3.5% year over year.

What is the average cap rate in Skokie, IL?

The median cap rate across recently sold homes in Skokie, IL is 3.2%, 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 $450,000 (about $263 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.

$450,000Median sold price

$263Median $/sqft

3.2%Median cap rate

$-1,538Modeled cash flow / mo

+3.5%Appreciation YoY

1.2Months of supply

54Active listings

557Sold (last 12 mo)

What the Skokie numbers say

In Skokie, IL, the median home sold for $450,000 (about $263 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-1,538 of monthly cash flow. Sold prices moved +3.5% over the past year. Inventory sits at about 1.2 months of supply — a tight, seller-friendly market. 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.