Real Estate Investing in Wheaton, Illinois (60187)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60187 (Wheaton, 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 Wheaton, IL (60187)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60187 Wheaton
This part of DuPage County is not an easy win. The 60187 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $2,027/mo on a $509K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60187 sits below the stated 0.0% once reality is priced in.
ZIP 60187's metrics run below DuPage County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A impressive renter share of 30% in 60187 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Wheaton's stable or hybrid ZIPs before stepping into 60187. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Wheaton:
Property Strategy for 60187
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $357,813 | $2,130 | 4.3% | +7.3% | $178,906 |
| 3BR | $437,004 | $2,740 | 4.5% | +6.7% | $145,668 |
| 4BR | $656,903 | $3,170 | 3.5% | +7.6% | $164,226 |
| 5BR | $844,935 | — | — | +7.6% | $168,987 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60187 Compare?
| Metric | 60187 | Wheaton | Illinois |
|---|---|---|---|
| Home Value | $508,580 | $519,241 | $279,761 |
| 5-Year CAGR | 6.0% | 6.5% | 6.6% |
| Avg Rent | $2,027 | $2,172 | - |
| Cap Rate | 3.1% | 3.3% | - |
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 60187 (Wheaton, IL). Anonymous, moderated, never written by AI.
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Property managers serving DuPage County
Manage rentals here? List your business →Hillcrest Property Management is an HOA Management Company serving HOAs. summary from their website
Redbrick Property Management specializes in HOA, Condo, Townhouse, Community Management for large-scale, master-planned, gated, and senior communities in Lombard. summary from their website
ACM Community Management is part of RealManage. 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 | $508,580 |
| Monthly Rent | $2,027 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | -8.0% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +3.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 60187
Population: 28,867
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 60187
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 6,268 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Wheaton, IL?
The median home value in Wheaton, IL is roughly $509K. That puts it reasonable relative to the IL statewide average.
How strict are landlord regulations in Wheaton, IL?
Rental owners in Wheaton, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is it easy to find good tenants in Wheaton, IL?
The renter base in Wheaton, IL is reasonable for the $2,027/mo price point. Screening well and pricing to market typically yields predictable tenants.
Is vacancy a concern in Wheaton, IL?
Expect elevated vacancy in Wheaton, IL. Rents at $2,027/mo are absorbed by the tenant base without meaningful lag.
What does house hacking look like in Wheaton, IL?
For house hackers, Wheaton, IL is a challenging. The $2,027/mo rent on a unit helps defray the mortgage on a $509K property.
You know 60187 now. You don’t know where it ranks.
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How 60187 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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