Real Estate Investing in Highland Park, Illinois (60035)
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Should you buy in 60035 (Highland Park, 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 Highland Park, IL (60035)?
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Market Analysis: 60035 Highland Park
This part of Lake County is not an easy win. The 60035 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 60035 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader IL picture, 60035 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 60035 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 60035 is an operator game, not a passive one. Stepping back, entry prices of $803K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Highland Park:
Property Strategy for 60035
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $224,568 | $2,180 | 7.0% | — | $224,568 |
| 2BR | $407,304 | $2,460 | 4.3% | +8.5% | $203,652 |
| 3BR | $601,064 | $3,170 | 3.8% | +8.8% | $200,355 |
| 4BR | $876,741 | $3,660 | 3.0% | +9.4% | $219,185 |
| 5BR | $1,311,912 | — | — | +10.5% | $262,382 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60035 Compare?
| Metric | 60035 | Highland Park | Illinois |
|---|---|---|---|
| Home Value | $802,743 | $802,743 | $279,761 |
| 5-Year CAGR | 8.2% | 8.2% | 6.6% |
| Avg Rent | $3,034 | $3,034 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 60035 (Highland Park, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $802,743 |
| Monthly Rent | $3,034 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 Rent Trends
| 1-Year | -7.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 60035
Population: 30,236
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 60035
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
Frequently Asked Questions
Is Highland Park, IL good for landlords?
Landlord-friendliness in Highland Park, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical renter like in Highland Park, IL?
Expect a solid tenant pool in Highland Park, IL. The rental market absorbs $3,034/mo rents without meaningful friction.
What investment strategy works best in Highland Park, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Highland Park, IL. The numbers - $803K homes against $3,034/mo rents - support that play.
Is Highland Park, IL a good market for FHA house hackers?
The a challenging house-hack environment in Highland Park, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is real estate in Highland Park, IL a good investment right now?
Highland Park, IL shows an investability rating of 3.0/5, with median home values near $803K and average rents around $3,034/mo. That combination puts it in the notable tier for investor interest.
You know 60035 now. You don’t know where it ranks.
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