Real Estate Investing in Lee, Illinois

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 1,703 • Lee County

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Should you buy in Lee, IL? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (76/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
WEAK
2.5 / 5 (40/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Lee, IL?

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2.5/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $277,028
Avg Monthly Rent $1,184
ZIP Codes 2

Investing in Lee Real Estate

Lee in Illinois is one of the markets where the numbers warn before they reward — 2 ZIPs, a sizable population, and a rating that reflects material risk.

The investment case for Lee is difficult to make on screen data alone. better suited elsewhere for a 2.5 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

unambiguously Lee's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

Distressed-leaning demographics in Lee — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Dixon, IL

Lee is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$277,028
Avg Monthly Rent
$1,184
1% Rule
✗ Below
Landlord Friendly (IL)

📉 Market Crash Risk Index

Based on Dixon, IL metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
46%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Dixon, IL metro
0
Days to pending
11.4%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Lee, IL

Screen every ZIP in Lee

Filter Lee’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Lee, IL

Is real estate in Lee, IL a good investment right now?

Lee, IL rates 2.5/5 for investability. With median values at $277K and rents near $1,184/mo, the market offers reasonable fundamentals for rental investors.

Are renters plentiful in Lee, IL?

Lee, IL draws a reliable base of working renters. Demand at the $1,184/mo rent level is reasonable for standard single-family and small multi rentals.

What is the best play in Lee, IL?

For Lee, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

How landlord-friendly is Lee, IL?

Landlord-friendliness in Lee, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.

What is the average monthly rent in Lee, IL?

Rent in Lee, IL is around $1,184/mo. The resulting rent-to-value relationship with $277K pricing is reasonable for most investor models.

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