Real Estate Investing in Des Plaines, Illinois (60016)
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Should you buy in 60016 (Des Plaines, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Des Plaines, IL (60016)?
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Market Analysis: 60016 Des Plaines
The 60016 ZIP in Des Plaines, IL is a local-operator market. Outside capital chasing a $342K entry has to pair deep knowledge with the discount.
The investment case in 60016 is substantial only for operators who understand what they are buying. A $342K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 60016 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 60016 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 60016 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Des Plaines:
Property Strategy for 60016
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $173,105 | $1,680 | 7.0% | +7.9% | $173,105 |
| 2BR | $256,570 | $1,890 | 5.3% | +7.4% | $128,285 |
| 3BR | $373,031 | $2,430 | 4.7% | +6.9% | $124,344 |
| 4BR | $457,418 | $2,820 | 4.4% | +6.3% | $114,355 |
| 5BR | $577,173 | — | — | +6.2% | $115,435 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60016 Compare?
| Metric | 60016 | Des Plaines | Illinois |
|---|---|---|---|
| Home Value | $342,082 | $370,645 | $279,761 |
| 5-Year CAGR | 6.5% | 6.5% | 6.6% |
| Avg Rent | $2,069 | $2,161 | - |
| Cap Rate | 4.7% | 4.6% | - |
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 60016 (Des Plaines, 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 | $342,082 |
| Monthly Rent | $2,069 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -2.2% ▼ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 60016
Population: 60,520
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 60016
Schools in This ZIP Code
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 1,462 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Des Plaines, IL?
Des Plaines, IL median home values land near $342K. That is reasonable territory for investors looking at $2,069/mo-per-month rentals.
What approach is best for Des Plaines, IL real estate?
In Des Plaines, IL the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $342K prices and $2,069/mo rents suits that approach.
What is the typical renter like in Des Plaines, IL?
Expect a solid tenant pool in Des Plaines, IL. The rental market absorbs $2,069/mo rents without meaningful friction.
Is Des Plaines, IL a good place for real estate investing?
Des Plaines, IL scores 3.0/5 for investability. Home values sit at $342K and rents near $2,069/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How strict are landlord regulations in Des Plaines, IL?
IL law landlord-friendly for landlords, and Des Plaines inherits those rules. Investors should still review local ordinances for rental licensing.
You know 60016 now. You don’t know where it ranks.
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How 60016 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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