Real Estate Investing in Mundelein, Illinois (60060)
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Should you buy in 60060 (Mundelein, 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 Mundelein, IL (60060)?
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Market Analysis: 60060 Mundelein
Investors eyeing 60060 need to respect the fundamentals at play. Home values of $397K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $397K asset, 60060 is the wrong submarket. If the plan prices in friction, the yield can still work.
Turning to rents, 60060 offers a low basis, the region around Mundelein has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 60060 includes headwinds that any investor should price in. Income distribution skews lower than Mundelein averages, and tenant stability requires active management.
The right play in 60060 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Mundelein:
Property Strategy for 60060
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $309,149 | $1,990 | 4.6% | +7.0% | $154,575 |
| 3BR | $343,156 | $2,560 | 5.4% | +8.1% | $114,385 |
| 4BR | $496,745 | $2,960 | 4.3% | +8.6% | $124,186 |
| 5BR | $617,687 | — | — | +8.4% | $123,537 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60060 Compare?
| Metric | 60060 | Mundelein | Illinois |
|---|---|---|---|
| Home Value | $397,204 | $397,204 | $279,761 |
| 5-Year CAGR | 6.4% | 6.4% | 6.6% |
| Avg Rent | $2,372 | $2,372 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 60060 (Mundelein, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $397,204 |
| Monthly Rent | $2,372 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | +0.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 60060
Population: 37,146
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 60060
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 1,032 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Mundelein in IL worth investing in?
Our data puts Mundelein, IL at 3.0/5 for investability. Home prices of $397K and rents around $2,372/mo create a solid backdrop for investor activity.
Do landlords face vacancy issues in Mundelein, IL?
Expect elevated vacancy in Mundelein, IL. Rents at $2,372/mo are absorbed by the tenant base without meaningful lag.
Where do home prices stand in Mundelein, IL?
Mundelein, IL median home values land near $397K. That is reasonable territory for investors looking at $2,372/mo-per-month rentals.
What strategy should investors use in Mundelein, IL?
A careful cash-flow rentals with hands-on management strategy Mundelein, IL best. The market produces measured results for that approach at the $397K price point.
What are rental rates like in Mundelein, IL?
Rental rates in Mundelein, IL average $2,372/mo. Tenant demand and $397K home values make the yield look reasonable by investor standards.
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