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

Sparta, IL has a median modeled monthly cash flow of $-53 and a median cap rate of 5.8%, on a median sold price of $121,250. Prices changed -20.0% year over year.

What is the average cap rate in Sparta, IL?

The median cap rate across recently sold homes in Sparta, IL is 5.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sparta, IL?

The median sold price in Sparta, IL is $121,250 (about $76 per square foot).

Investing in Sparta, IL Real Estate

A data-driven snapshot of the Sparta, 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.

$121,250Median sold price

$76Median $/sqft

5.8%Median cap rate

$-53Modeled cash flow / mo

-20.0%Appreciation YoY

14.8Months of supply

59Active listings

48Sold (last 12 mo)

What the Sparta numbers say

In Sparta, IL, the median home sold for $121,250 (about $76 per square foot), and the typical deal models out to a 5.8% cap rate with a median $-53 of monthly cash flow. Sold prices moved -20.0% over the past year. Inventory sits at about 14.8 months of supply — a looser, buyer-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 Sparta cash-flowing listings

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