Real Estate Investing in Carol Stream, Illinois (60188)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60188 (Carol Stream, 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 Carol Stream, IL (60188)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60188 Carol Stream
Not every below-median market is a bargain. Carol Stream's 60188 ZIP stands at signals that favor experienced operators who can absorb the risk $392K pricing implies.
Rent of $1,835/mo on a $392K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60188 sits below the stated 0.0% once reality is priced in.
ZIP 60188'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.
From a cash-flow lens, 42,087 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 60188 is an operator game, not a passive one. In practical terms, entry prices of $392K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Carol Stream:
Property Strategy for 60188
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $167,541 | $1,610 | 6.9% | +9.4% | $167,541 |
| 2BR | $272,011 | $1,810 | 4.8% | +9.0% | $136,006 |
| 3BR | $359,162 | $2,330 | 4.7% | +7.4% | $119,721 |
| 4BR | $470,197 | $2,700 | 4.1% | +7.5% | $117,549 |
| 5BR | $571,105 | — | — | +7.6% | $114,221 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60188 Compare?
| Metric | 60188 | Carol Stream | Illinois |
|---|---|---|---|
| Home Value | $391,605 | $391,605 | $279,761 |
| 5-Year CAGR | 6.3% | 6.3% | 6.6% |
| Avg Rent | $1,835 | $1,835 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 60188 (Carol Stream, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60188 (Carol Stream, IL)?
~25 seconds · no account needed · your report is anonymous
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 | $391,605 |
| Monthly Rent | $1,835 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +5.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 60188
Population: 42,087
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 60188
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
G Stanley Hall Elem School
Marquardt Middle School
Reskin Elem School
Americana Elementary School
Glen Hill Elementary 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
Investor Insight: With 6,268 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Carol Stream, IL a friendly market for rental owners?
For rental operators, Carol Stream, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Which real estate strategy fits Carol Stream, IL?
The best-fit strategy in Carol Stream, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What price range are homes in Carol Stream, IL?
Median home price in Carol Stream, IL is near $392K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Does a duplex house hack pencil in Carol Stream, IL?
The a challenging house-hack environment in Carol Stream, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How high is vacancy risk in Carol Stream, IL?
Vacancy risk in Carol Stream, IL is elevated. That supports measured cash flow for typical rental holds.
You know 60188 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60188 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 60188 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 60188 (Carol Stream)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 60188 (Carol Stream, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.