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

Wheeling, IL has a median modeled monthly cash flow of $-642 and a median cap rate of 3.8%, on a median sold price of $308,000. Prices changed +3.3% year over year.

What is the average cap rate in Wheeling, IL?

The median cap rate across recently sold homes in Wheeling, IL is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Wheeling, IL?

The median sold price in Wheeling, IL is $308,000 (about $221 per square foot).

Investing in Wheeling, IL Real Estate

A data-driven snapshot of the Wheeling, 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.

$308,000Median sold price

$221Median $/sqft

3.8%Median cap rate

$-642Modeled cash flow / mo

+3.3%Appreciation YoY

4.2Months of supply

130Active listings

369Sold (last 12 mo)

What the Wheeling numbers say

In Wheeling, IL, the median home sold for $308,000 (about $221 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-642 of monthly cash flow. Sold prices moved +3.3% over the past year. Inventory sits at about 4.2 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 Wheeling cash-flowing listings

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