Real Estate Investing in Addison, Illinois (60101)
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Should you buy in 60101 (Addison, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 Addison, IL (60101)?
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Market Analysis: 60101 Addison
ZIP 60101 in Addison, IL carries a notable set of headwinds. Home values near $384K and rents of $1,900/mo sit inside a market where underwriting has to be tight.
The 60101 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 60101 sits on the difficult end of the IL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 60101 ZIP's population of 37,202 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategically, 60101 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 Addison:
Property Strategy for 60101
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $159,459 | $1,390 | 6.3% | +9.1% | $159,459 |
| 2BR | $281,518 | $1,570 | 4.0% | +9.3% | $140,759 |
| 3BR | $371,018 | $2,020 | 3.9% | +7.4% | $123,673 |
| 4BR | $490,211 | $2,340 | 3.4% | +7.2% | $122,553 |
| 5BR | $608,253 | — | — | +8.2% | $121,651 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60101 Compare?
| Metric | 60101 | Addison | Illinois |
|---|---|---|---|
| Home Value | $383,641 | $383,641 | $279,761 |
| 5-Year CAGR | 5.4% | 5.4% | 6.6% |
| Avg Rent | $1,900 | $1,900 | - |
| Cap Rate | 3.9% | 3.9% | - |
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 60101 (Addison, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $383,641 |
| Monthly Rent | $1,900 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (3.9%). 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 60101
Population: 37,202
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 60101
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
Frequently Asked Questions
How does Addison, IL rate as a rental market?
Addison, IL scores 3.0/5 for investability. Home values sit at $384K and rents near $1,900/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the smart move for investors in Addison, IL?
In Addison, IL the solid play is typically careful cash-flow rentals with hands-on management. The combination of $384K prices and $1,900/mo rents suits that approach.
What are rental rates like in Addison, IL?
Average rent in Addison, IL is approximately $1,900/mo per month. Against $384K home values that yields a reasonable rent-to-price ratio.
How high is vacancy risk in Addison, IL?
Addison, IL carries elevated vacancy risk. Expect consistent absorption at market rents of $1,900/mo.
Is rental property easy to operate in Addison, IL?
The landlord environment in Addison, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 60101 now. You don’t know where it ranks.
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How 60101 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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