Real Estate Investing in Round Lake, Illinois (60073)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60073 (Round Lake, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
No major risk flags on the data we track.
What’s happening in Round Lake, IL (60073)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60073 Round Lake
This part of Lake County is not an easy win. The 60073 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 60073 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 60073 and stronger Round Lake ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 60073 includes headwinds that any investor should price in. Income distribution skews lower than Round Lake averages, and tenant stability requires active management.
Strategically, 60073 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Round Lake:
Property Strategy for 60073
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $134,389 | $1,700 | 9.1% | +9.1% | $134,389 |
| 2BR | $221,117 | $1,910 | 6.2% | +10.8% | $110,558 |
| 3BR | $270,760 | $2,460 | 6.5% | +9.3% | $90,253 |
| 4BR | $373,440 | $2,850 | 5.5% | +9.6% | $93,360 |
| 5BR | $366,470 | — | — | +9.1% | $73,294 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60073 Compare?
| Metric | 60073 | Round Lake | Illinois |
|---|---|---|---|
| Home Value | $283,425 | $283,425 | $279,761 |
| 5-Year CAGR | 7.6% | 7.6% | 6.6% |
| Avg Rent | $2,367 | $2,367 | - |
| Cap Rate | 6.5% | 6.5% | - |
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 60073 (Round Lake, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60073 (Round Lake, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $283,425 |
| Monthly Rent | $2,367 |
| Price-to-Rent | 10.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.0% |
| Cap Rate | 6.5% |
| 5-Year IRR | 14.2% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60073
Population: 62,000
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 60073
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 real estate in Round Lake, IL a good investment right now?
With a 4.0/5 investability score, Round Lake, IL ranks as a solid market for rental property investors. Median prices of $283K and rents of $2,367/mo drive the underlying numbers.
What is the average monthly rent in Round Lake, IL?
Round Lake, IL rentals go for roughly $2,367/mo a month. That puts gross yield in solid territory relative to $283K acquisition costs.
Is Round Lake, IL better for rentals, flips, or BRRRR?
Most investors in Round Lake, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 4.0/5 investability profile and the market fundamentals.
How high is vacancy risk in Round Lake, IL?
Rental vacancy in Round Lake, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Are eviction rules reasonable in Round Lake, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Round Lake generally follows the statewide framework, so landlords face reasonable operating rules.
You know 60073 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60073 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 60073 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 60073 (Round Lake)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 60073 (Round Lake, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.