Real Estate Investing in Clare, Illinois (60111)
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Should you buy in 60111 (Clare, 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 31.5 — 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 Clare, IL (60111)?
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Market Analysis: 60111 Clare
ZIP 60111 in Clare, IL carries a durable set of headwinds. Home values near $466K and rents of $1,233/mo sit inside a market where underwriting has to be tight.
Stepping back, the numbers look inviting — $466K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60111 is substantial and deserves full respect.
Regionally, 60111 sits on the difficult end of the IL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
A substantial renter share of 7% in 60111 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. durable returns are possible in 60111, 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 Clare:
Market Trends
Home Value History (with trend line)
📊 How Does 60111 Compare?
| Metric | 60111 | Clare | Illinois |
|---|---|---|---|
| Home Value | $465,925 | $465,925 | $279,761 |
| 5-Year CAGR | 8.1% | 8.1% | 6.6% |
| Avg Rent | $1,233 | $1,233 | - |
| 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 60111 (Clare, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $465,925 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 31.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +14.7% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 60111
Population: 222
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,081 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Clare, IL?
Expect elevated vacancy in Clare, IL. Rents at $1,233/mo are absorbed by the tenant base without meaningful lag.
Is Clare, IL good for landlords?
For rental operators, Clare, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong are rents in Clare, IL?
Investors in Clare, IL typically see rents near $1,233/mo per month against $466K home values - a solid setup for rental cash flow.
What does house hacking look like in Clare, IL?
The a challenging house-hack environment in Clare, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How strong is Clare, IL for real estate investors?
Clare, IL rates 3.0/5 for investability. With median values at $466K and rents near $1,233/mo, the market offers reasonable fundamentals for rental investors.
You know 60111 now. You don’t know where it ranks.
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How 60111 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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