Real Estate Investing in Fox Lake, Illinois (60041)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60041 (Fox Lake, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fox Lake, IL (60041)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60041 Fox Lake
In practical terms, ZIP 60041 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $312K median. It rewards specialists, not generalists.
The investment case in 60041 is notable only for operators who understand what they are buying. A $312K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 60041 sits on the difficult end of the IL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 60041 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 60041 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Fox Lake:
Property Strategy for 60041
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $224,620 | $1,320 | 4.2% | +9.5% | $112,310 |
| 3BR | $293,673 | $1,700 | 4.2% | +8.6% | $97,891 |
| 4BR | $377,030 | $1,970 | 3.8% | +8.4% | $94,257 |
| 5BR | $453,600 | — | — | +8.6% | $90,720 |
Market Trends
Home Value History (with trend line)
📊 How Does 60041 Compare?
| Metric | 60041 | Fox Lake | Illinois |
|---|---|---|---|
| Home Value | $311,699 | $289,935 | $279,761 |
| 5-Year CAGR | 6.2% | 6.6% | 6.6% |
| Avg Rent | $1,188 | $1,443 | - |
| Cap Rate | 3.0% | 4.0% | - |
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 60041 (Fox Lake, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $311,699 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.0%). 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 60041
Population: 8,920
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 60041
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Magee Middle School
Round Lake Middle School
Village Elementary School
Stanton School
Indian Hill 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
Investor Insight: With 4,833 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Fox Lake, IL?
Fox Lake, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are eviction rules reasonable in Fox Lake, IL?
For rental operators, Fox Lake, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What price range are homes in Fox Lake, IL?
Median home price in Fox Lake, IL is near $312K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Can I house hack in Fox Lake, IL?
Fox Lake, IL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $312K price point reasonable to enter.
What type of investing works in Fox Lake, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Fox Lake, IL. With home values at $312K and rents near $1,188/mo, other strategies can work but produce reliable rather than outsized returns.
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