Real Estate Investing in Ringwood, Illinois (60072)
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Should you buy in 60072 (Ringwood, 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.
- High price-to-rent: Price-to-rent ratio 30.9 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ringwood, IL (60072)?
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Market Analysis: 60072 Ringwood
Not every below-median market is a bargain. Ringwood's 60072 ZIP reflects signals that favor experienced operators who can absorb the risk $508K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 60072 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 60072 and stronger Ringwood ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 60072 ZIP's population of 888 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 60072 is an operator game, not a passive one. Turning to rents, entry prices of $508K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Ringwood:
Market Trends
Home Value History (with trend line)
📊 How Does 60072 Compare?
| Metric | 60072 | Ringwood | Illinois |
|---|---|---|---|
| Home Value | $507,590 | $507,590 | $279,761 |
| 5-Year CAGR | 7.0% | 7.0% | 6.6% |
| Avg Rent | $1,368 | $1,368 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60072 (Ringwood, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $507,590 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 30.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.1%). 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 60072
Population: 888
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 60072
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Harrison 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 3,801 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Ringwood, IL?
Rents in Ringwood, IL run near $1,368/mo. Compared with median home prices of $508K that produces solid gross yields for typical rentals.
What is the renter demographic in Ringwood, IL?
Ringwood, IL offers a even-keeled renter base at the $1,368/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strict are landlord regulations in Ringwood, IL?
Ringwood, IL operates under IL law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Does a duplex house hack pencil in Ringwood, IL?
For house hackers, Ringwood, IL is a challenging. The $1,368/mo rent on a unit helps defray the mortgage on a $508K property.
Which investment style suits Ringwood, IL?
A careful cash-flow rentals with hands-on management strategy Ringwood, IL best. The market produces stable results for that approach at the $508K price point.
You know 60072 now. You don’t know where it ranks.
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