Real Estate Investing in Crest Hill, Illinois (60403)
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Should you buy in 60403 (Crest Hill, 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 Crest Hill, IL (60403)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60403 Crest Hill
The 60403 ZIP covers a section of Crest Hill that demands careful diligence. Prices near $283K look accessible, but the work to make a deal cash flow is real.
The investment case in 60403 is healthy only for operators who understand what they are buying. A $283K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 60403 and stronger Crest Hill ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 60403 includes headwinds that any investor should price in. Income distribution skews lower than Crest Hill averages, and tenant stability requires active management.
Strategically, 60403 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 Crest Hill:
Property Strategy for 60403
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $255,233 | $1,690 | 4.8% | +8.9% | $127,617 |
| 3BR | $296,431 | $2,180 | 5.3% | +8.3% | $98,810 |
| 4BR | $356,150 | $2,520 | 5.1% | +7.8% | $89,038 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60403 Compare?
| Metric | 60403 | Crest Hill | Illinois |
|---|---|---|---|
| Home Value | $283,345 | $283,345 | $279,761 |
| 5-Year CAGR | 6.0% | 6.0% | 6.6% |
| Avg Rent | $2,162 | $2,162 | - |
| Cap Rate | 6.0% | 6.0% | - |
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 60403 (Crest Hill, IL). Anonymous, moderated, never written by AI.
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Property managers serving Will County
Manage rentals here? List your business →HSR Property Services, LLC is a full-service property management firm in Tinley Park, IL, specializing in Condominium, Townhome & Single Family Homeowner Associations, Apartment Rentals, Affordable & 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 | $283,345 |
| Monthly Rent | $2,162 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | +22.2% ▲ |
| 3-Year CAGR | +9.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.0%). 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 60403
Population: 17,226
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 60403
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Thomas Jefferson Elem School
Crystal Lawns Elem School
Farragut Elem School
M J Cunningham Elem Sch
Hufford Junior High 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 1,390 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How high is vacancy risk in Crest Hill, IL?
Crest Hill, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Which real estate strategy fits Crest Hill, IL?
In Crest Hill, IL the notable play is typically careful cash-flow rentals with hands-on management. The combination of $283K prices and $2,162/mo rents suits that approach.
Are homes affordable in Crest Hill, IL?
In Crest Hill, IL the median home value sits at $283K. Against the broader IL market, that reads as reasonable for most investors.
Are tenants stable in Crest Hill, IL?
The renter base in Crest Hill, IL is reasonable for the $2,162/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Is Crest Hill, IL a good place for real estate investing?
Crest Hill, IL rates 3.0/5 for investability. With median values at $283K and rents near $2,162/mo, the market offers reasonable fundamentals for rental investors.
You know 60403 now. You don’t know where it ranks.
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How 60403 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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