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

Summit, IL has a median modeled monthly cash flow of $-732 and a median cap rate of 3.3%, on a median sold price of $316,250. Prices changed +0.5% year over year.

What is the average cap rate in Summit, IL?

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

What is the median home price in Summit, IL?

The median sold price in Summit, IL is $316,250 (about $208 per square foot).

Investing in Summit, IL Real Estate

A data-driven snapshot of the Summit, 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.

$316,250Median sold price

$208Median $/sqft

3.3%Median cap rate

$-732Modeled cash flow / mo

+0.5%Appreciation YoY

9.0Months of supply

39Active listings

52Sold (last 12 mo)

What the Summit numbers say

In Summit, IL, the median home sold for $316,250 (about $208 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-732 of monthly cash flow. Sold prices moved +0.5% over the past year. Inventory sits at about 9.0 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 Summit cash-flowing listings

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