Real Estate Investing in Arlington Heights, Illinois (60005)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60005 (Arlington Heights, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Arlington Heights, IL (60005)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60005 Arlington Heights
Not every below-median market is a bargain. Arlington Heights's 60005 ZIP reports signals that favor experienced operators who can absorb the risk $465K pricing implies.
Stepping back, the numbers look inviting — $465K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60005 is substantial and deserves full respect.
ZIP 60005's metrics run below Cook County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 60005 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Arlington Heights's stable or hybrid ZIPs before stepping into 60005. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Arlington Heights:
Property Strategy for 60005
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $179,001 | $1,720 | 6.9% | +7.1% | $179,001 |
| 2BR | $249,084 | $1,940 | 5.6% | +7.0% | $124,542 |
| 3BR | $444,476 | $2,500 | 4.0% | +7.3% | $148,159 |
| 4BR | $612,657 | $2,890 | 3.4% | +7.4% | $153,164 |
| 5BR | $711,724 | — | — | +7.4% | $142,345 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60005 Compare?
| Metric | 60005 | Arlington Heights | Illinois |
|---|---|---|---|
| Home Value | $464,501 | $490,665 | $279,761 |
| 5-Year CAGR | 7.4% | 7.3% | 6.6% |
| Avg Rent | $1,818 | $1,963 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60005 (Arlington Heights, IL). Anonymous, moderated, never written by AI.
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Property managers serving Cook County
Manage rentals here? List your business →American Property Management of Illinois, Inc. (Associa) provides comprehensive HOA and condominium management services in Chicago and surrounding areas. summary from their website
Blackhawk Realty Management, LLC provides professional property management and real estate services for its multifamily apartment portfolio, founded in 2004. summary from their website
Buckingham Property Management, Inc. offers apartment rentals and management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $464,501 |
| Monthly Rent | $1,818 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +15.1% ▲ |
| 3-Year CAGR | +8.7% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | -5.4% ▼ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | +3.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60005
Population: 29,022
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 60005
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Central Road Elem School
Euclid Elem School
Holmes Jr High School
Kimball Hill Elem School
Robert Frost Elem School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,905 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Arlington Heights, IL?
Occupancy in Arlington Heights, IL runs reliable with elevated vacancy. Well-priced units at $1,818/mo lease on reasonable timelines.
Is house hacking profitable in Arlington Heights, IL?
House hacking in Arlington Heights, IL is reasonable to execute. Prices around $465K and rents of $1,818/mo solid owner-occupant economics.
Which real estate strategy fits Arlington Heights, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Arlington Heights, IL. The numbers - $465K homes against $1,818/mo rents - support that play.
How do home values compare in Arlington Heights, IL?
In Arlington Heights, IL the median home value sits at $465K. Against the broader IL market, that reads as reasonable for most investors.
Is Arlington Heights, IL a good market for buy-and-hold investors?
Our data puts Arlington Heights, IL at 3.0/5 for investability. Home prices of $465K and rents around $1,818/mo create a solid backdrop for investor activity.
You know 60005 now. You don’t know where it ranks.
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How 60005 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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