Real Estate Investing in Calumet City, Illinois (60409)
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Should you buy in 60409 (Calumet City, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.6% of homes vacant — above national norms.
What’s happening in Calumet City, IL (60409)?
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Market Analysis: 60409 Calumet City
Investors looking for drama won't find it in 60409. The Calumet City, IL ZIP offers $157K homes, steady $1,577/mo rents, and a a credible choice for risk profile.
ZIP 60409 is not a chart-topper on any single metric, but the combination of 0.0% yield and 0.0% appreciation is reliable. That predictability is the investment case.
On balance, IL contains both high-growth and high-yield outliers, 60409 sits in the middle — $157K pricing, 0.0% yield, and 0.0% growth all close to regional norms.
Household composition in 60409 has evolved slowly rather than dramatically, which is exactly what stable markets look like under the hood.
The investor who does best in 60409 is the one who underwrote it honestly at the start — 0.0% yield, 0.0% growth, $1,577/mo rent — and then stuck to the plan.
Here's what matters if you're considering buying a home in Calumet City:
Property Strategy for 60409
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $106,336 | $1,450 | 9.8% | +10.1% | $53,168 |
| 3BR | $160,090 | $1,870 | 8.4% | +8.1% | $53,363 |
| 4BR | $190,312 | $2,160 | 8.2% | +7.1% | $47,578 |
| 5BR | $214,115 | — | — | +8.2% | $42,823 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60409 Compare?
| Metric | 60409 | Calumet City | Illinois |
|---|---|---|---|
| Home Value | $156,920 | $156,920 | $279,761 |
| 5-Year CAGR | 4.3% | 4.3% | 6.6% |
| Avg Rent | $1,577 | $1,577 | - |
| Cap Rate | 7.8% | 7.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60409 (Calumet City, IL). Anonymous, moderated, never written by AI.
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Property managers serving Cook County
Manage rentals here? List your business →American Property Management of Illinois, Inc. (Associa) provides comprehensive HOA and condominium management services in Chicago and surrounding areas. summary from their website
Blackhawk Realty Management, LLC provides professional property management and real estate services for its multifamily apartment portfolio, founded in 2004. summary from their website
Buckingham Property Management, Inc. offers apartment rentals and management services. 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 | $156,920 |
| Monthly Rent | $1,577 |
| Price-to-Rent | 8.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.1% |
| Cap Rate | 7.8% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +10.5% ▲ |
🏠 Rent Trends
| 1-Year | -3.3% ▼ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | N/A |
The estimated cap rate (7.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60409
Population: 35,253
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 60409
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 2,174 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Calumet City, IL rate as a rental market?
Calumet City, IL reports an investability rating of 4.0/5, with median home values near $157K and average rents around $1,577/mo. That combination puts it in the solid tier for investor interest.
Is Calumet City, IL good for landlords?
The landlord environment in Calumet City, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What investment strategy works best in Calumet City, IL?
Investors who focus on steady buy-and-hold investing typically do well in Calumet City, IL. The numbers - $157K homes against $1,577/mo rents - support that play.
What does house hacking look like in Calumet City, IL?
Calumet City, IL offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,577/mo rent level.
How much do tenants pay in Calumet City, IL?
Average rent in Calumet City, IL is approximately $1,577/mo per month. Against $157K home values that yields a reasonable rent-to-price ratio.
You know 60409 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60409 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 60409 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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