Real Estate Investing in Glencoe, Illinois (60022)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60022 (Glencoe, IL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 51.9 — hard to cash-flow at these prices.
What’s happening in Glencoe, IL (60022)?
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Market Analysis: 60022 Glencoe
Not every below-median market is a bargain. Glencoe's 60022 ZIP clocks in at signals that favor experienced operators who can absorb the risk $1.7M pricing implies.
Rent of $2,650/mo on a $1.7M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60022 sits below the stated 0.0% once reality is priced in.
Regionally, 60022 sits on the difficult end of the IL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 60022 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 60022 is an operator game, not a passive one. On the rental side, entry prices of $1.7M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Glencoe:
Property Strategy for 60022
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $362,912 | $2,390 | 4.7% | +7.1% | $181,456 |
| 3BR | $886,724 | $3,080 | 2.5% | +8.0% | $295,575 |
| 4BR | $1,280,765 | $3,560 | 2.0% | +9.6% | $320,191 |
| 5BR | $1,953,238 | — | — | +9.9% | $390,648 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60022 Compare?
| Metric | 60022 | Glencoe | Illinois |
|---|---|---|---|
| Home Value | $1,651,405 | $1,651,405 | $279,761 |
| 5-Year CAGR | 10.2% | 10.2% | 6.6% |
| Avg Rent | $2,650 | $2,650 | - |
| Cap Rate | 1.3% | 1.3% | - |
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 60022 (Glencoe, 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 | $1,651,405 |
| Monthly Rent | $2,650 |
| Price-to-Rent | 51.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.9% |
| Cap Rate | 1.3% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +15.7% ▲ |
| 3-Year CAGR | +10.1% ▲ |
| 5-Year CAGR | +10.2% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (1.3%). 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 60022
Population: 8,415
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 60022
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Carleton W Washburne School
Crow Island Elem School
The Skokie School
Middlefork Primary School
New Trier Township H S Northfield
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
Frequently Asked Questions
Where do home prices stand in Glencoe, IL?
Glencoe, IL home values average about $1.7M. That price point suits investors targeting rentals with $2,650/mo in monthly income.
Which investment style suits Glencoe, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Glencoe, IL. With home values at $1.7M and rents near $2,650/mo, other strategies can work but produce steady rather than outsized returns.
Is Glencoe, IL good for landlords?
Glencoe, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How viable is house hacking in Glencoe, IL?
House hacking in Glencoe, IL is a tougher. With home values around $1.7M and rents at $2,650/mo, owner-occupants can offset a meaningful share of PITI.
Do rentals sit vacant long in Glencoe, IL?
Expect elevated vacancy in Glencoe, IL. Rents at $2,650/mo are absorbed by the tenant base without meaningful lag.
You know 60022 now. You don’t know where it ranks.
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How 60022 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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