Real Estate Investing in Wilmette, Illinois (60091)
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Should you buy in 60091 (Wilmette, 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 Wilmette, IL (60091)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60091 Wilmette
This part of Cook County is not an easy win. The 60091 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Stepping back, the numbers look inviting — $1.0M purchase price, 0.0% nominal cap — the work to hit that pro forma in 60091 is substantial and deserves full respect.
Regionally, 60091 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The 60091 ZIP's population of 27,369 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. impressive returns are possible in 60091, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Wilmette:
Property Strategy for 60091
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $269,244 | $2,330 | 6.2% | +8.1% | $269,244 |
| 2BR | $444,602 | $2,620 | 4.2% | +7.9% | $222,301 |
| 3BR | $637,130 | $3,370 | 3.8% | +7.1% | $212,377 |
| 4BR | $1,024,748 | $3,900 | 2.7% | +7.7% | $256,187 |
| 5BR | $1,694,995 | — | — | +9.1% | $338,999 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60091 Compare?
| Metric | 60091 | Wilmette | Illinois |
|---|---|---|---|
| Home Value | $1,008,419 | $1,008,419 | $279,761 |
| 5-Year CAGR | 7.7% | 7.7% | 6.6% |
| Avg Rent | $3,693 | $3,693 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 60091 (Wilmette, IL). Anonymous, moderated, never written by AI.
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Property managers serving Cook County
Manage rentals here? List your business →American Property Management of Illinois, Inc. (Associa) provides comprehensive HOA and condominium management services in Chicago and surrounding areas. summary from their website
Blackhawk Realty Management, LLC provides professional property management and real estate services for its multifamily apartment portfolio, founded in 2004. summary from their website
Buckingham Property Management, Inc. offers apartment rentals and management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,008,419 |
| Monthly Rent | $3,693 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +14.4% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 60091
Population: 27,369
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 60091
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Carleton W Washburne School
Crow Island Elem School
Dewey Elem School
Dr ML King Jr Literary&Fine Arts
East Prairie 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
Where do home prices stand in Wilmette, IL?
Median home price in Wilmette, IL is near $1.0M, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
How strong is tenant demand in Wilmette, IL?
Tenant quality in Wilmette, IL ranks as solid. Landlords generally report reliable occupancy at market rents of $3,693/mo.
What strategy should investors use in Wilmette, IL?
The best-fit strategy in Wilmette, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can I house hack in Wilmette, IL?
House hacking in Wilmette, IL is reasonable to execute. Prices around $1.0M and rents of $3,693/mo solid owner-occupant economics.
Are landlord laws favorable in Wilmette, IL?
Landlord-friendliness in Wilmette, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 60091 now. You don’t know where it ranks.
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How 60091 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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