Real Estate Investing in Highwood, Illinois (60040)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60040 (Highwood, 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 Highwood, IL (60040)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60040 Highwood
On balance, ZIP 60040 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $498K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 60040 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 60040's metrics run below Lake County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 60040 includes headwinds that any investor should price in. Income distribution skews lower than Highwood averages, and tenant stability requires active management.
The 60040 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Highwood:
Property Strategy for 60040
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $334,856 | $2,240 | 4.8% | +7.2% | $167,428 |
| 3BR | $517,363 | $2,880 | 4.0% | +6.0% | $172,454 |
| 4BR | $796,567 | $3,340 | 3.0% | +8.8% | $199,142 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60040 Compare?
| Metric | 60040 | Highwood | Illinois |
|---|---|---|---|
| Home Value | $498,238 | $498,238 | $279,761 |
| 5-Year CAGR | 7.3% | 7.3% | 6.6% |
| Avg Rent | $2,333 | $2,333 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 60040 (Highwood, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $498,238 |
| Monthly Rent | $2,333 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (3.7%). 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 60040
Population: 5,243
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 60040
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Edgewood Middle School
Northwood Middle School
Sherwood Elem School
Red Oak Elem School
Indian Trail 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
Frequently Asked Questions
What monthly rent should investors expect in Highwood, IL?
Highwood, IL rentals go for roughly $2,333/mo a month. That puts gross yield in solid territory relative to $498K acquisition costs.
What is the rental occupancy rate in Highwood, IL?
Rental vacancy in Highwood, IL is elevated. Investors should budget normal turnover but not chronic empty units.
What type of investing works in Highwood, IL?
In Highwood, IL the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $498K prices and $2,333/mo rents suits that approach.
Is Highwood, IL landlord-friendly?
Landlord-friendliness in Highwood, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is housing expensive in Highwood, IL?
Expect median prices around $498K in Highwood, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
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