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

Vernon Hills, IL has a median modeled monthly cash flow of $-1,330 and a median cap rate of 3.1%, on a median sold price of $442,500. Prices changed +3.9% year over year.

What is the average cap rate in Vernon Hills, IL?

The median cap rate across recently sold homes in Vernon Hills, IL is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Vernon Hills, IL?

The median sold price in Vernon Hills, IL is $442,500 (about $239 per square foot).

Investing in Vernon Hills, IL Real Estate

A data-driven snapshot of the Vernon Hills, 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.

$442,500Median sold price

$239Median $/sqft

3.1%Median cap rate

$-1,330Modeled cash flow / mo

+3.9%Appreciation YoY

4.9Months of supply

120Active listings

294Sold (last 12 mo)

What the Vernon Hills numbers say

In Vernon Hills, IL, the median home sold for $442,500 (about $239 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-1,330 of monthly cash flow. Sold prices moved +3.9% over the past year. Inventory sits at about 4.9 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 Vernon Hills cash-flowing listings

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