Real Estate Investing in Algonquin, Illinois (60102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60102 (Algonquin, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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 Algonquin, IL (60102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60102 Algonquin
This part of McHenry County is not an easy win. The 60102 ZIP reports 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 60102 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
From an investor standpoint, 60102 offers a low basis, the region around Algonquin has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 60102 ZIP's population of 32,303 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The right play in 60102 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 Algonquin:
Property Strategy for 60102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $280,054 | $2,420 | 6.2% | +9.1% | $140,027 |
| 3BR | $349,464 | $3,120 | 6.4% | +8.8% | $116,488 |
| 4BR | $477,750 | $3,600 | 5.4% | +8.7% | $119,437 |
| 5BR | $545,345 | — | — | +8.9% | $109,069 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60102 Compare?
| Metric | 60102 | Algonquin | Illinois |
|---|---|---|---|
| Home Value | $422,995 | $422,995 | $279,761 |
| 5-Year CAGR | 7.3% | 7.3% | 6.6% |
| Avg Rent | $2,318 | $2,318 | - |
| Cap Rate | 4.3% | 4.3% | - |
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 60102 (Algonquin, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60102 (Algonquin, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $422,995 |
| Monthly Rent | $2,318 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (4.3%). 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 60102
Population: 32,303
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 60102
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 8,205 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Algonquin, IL?
Algonquin, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($423K prices, $2,318/mo rents) make it a reasonable choice.
What is it like being a landlord in Algonquin, IL?
Algonquin, IL operates under IL law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What is the typical renter like in Algonquin, IL?
The tenant pool in Algonquin, IL is solid, supported by local employment and population fundamentals. Rents of $2,318/mo are well-absorbed by the market.
Does house hacking work in Algonquin, IL?
House hacking in Algonquin, IL is a challenging. With home values around $423K and rents at $2,318/mo, owner-occupants can offset a meaningful share of PITI.
What is the median home value in Algonquin, IL?
Median home price in Algonquin, IL is near $423K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 60102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60102 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 60102 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 60102 (Algonquin)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 60102 (Algonquin, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.