Real Estate Investing in Des Plaines, Illinois (60018)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60018 (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 (60018)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60018 Des Plaines
Meanwhile, ZIP 60018 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $399K median. It rewards specialists, not generalists.
Rent of $2,252/mo on a $399K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60018 sits below the stated 0.0% once reality is priced in.
Within IL, ZIP 60018 trails on several market indicators that neighboring Cook County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Resident income in 60018 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Des Plaines:
Property Strategy for 60018
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $145,939 | $1,300 | 6.4% | +7.7% | $145,939 |
| 2BR | $287,469 | $1,460 | 3.7% | +8.0% | $143,735 |
| 3BR | $360,428 | $1,880 | 3.8% | +7.1% | $120,143 |
| 4BR | $446,299 | $2,170 | 3.5% | +6.5% | $111,575 |
| 5BR | $579,683 | — | — | +6.5% | $115,937 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60018 Compare?
| Metric | 60018 | Des Plaines | Illinois |
|---|---|---|---|
| Home Value | $399,207 | $370,645 | $279,761 |
| 5-Year CAGR | 6.5% | 6.5% | 6.6% |
| Avg Rent | $2,252 | $2,161 | - |
| Cap Rate | 4.4% | 4.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60018 (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 | $399,207 |
| Monthly Rent | $2,252 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 60018
Population: 29,302
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 60018
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 5,491 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Des Plaines, IL a good place for real estate investing?
Des Plaines, IL records an investability rating of 3.0/5, with median home values near $399K and average rents around $2,252/mo. That combination puts it in the solid tier for investor interest.
What price range are homes in Des Plaines, IL?
The median home value in Des Plaines, IL is roughly $399K. That puts it reasonable relative to the IL statewide average.
Are rents high in Des Plaines, IL?
Des Plaines, IL rentals go for roughly $2,252/mo a month. That puts gross yield in solid territory relative to $399K acquisition costs.
Is vacancy a concern in Des Plaines, IL?
Rental vacancy in Des Plaines, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Are landlord laws favorable in Des Plaines, IL?
Rental owners in Des Plaines, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 60018 now. You don’t know where it ranks.
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How 60018 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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