Real Estate Investing in Crete, Illinois (60417)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60417 (Crete, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Crete, IL (60417)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60417 Crete
The 60417 ZIP in Crete, IL is a local-operator market. Outside capital chasing a $301K entry has to pair deep knowledge with the discount.
The 60417 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 60417's metrics run below Will County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 60417 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 60417 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Crete:
Property Strategy for 60417
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,744 | $1,570 | 5.8% | +8.4% | $97,872 |
| 3BR | $278,495 | $2,020 | 5.2% | +8.6% | $92,832 |
| 4BR | $345,580 | $2,340 | 4.9% | +8.4% | $86,395 |
| 5BR | $398,018 | — | — | +8.1% | $79,604 |
Market Trends
Home Value History (with trend line)
📊 How Does 60417 Compare?
| Metric | 60417 | Crete | Illinois |
|---|---|---|---|
| Home Value | $300,645 | $300,645 | $279,761 |
| 5-Year CAGR | 5.2% | 5.2% | 6.6% |
| Avg Rent | $1,413 | $1,413 | - |
| 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 60417 (Crete, 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 | $300,645 |
| Monthly Rent | $1,413 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (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 60417
Population: 15,408
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 60417
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 1,348 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How high is vacancy risk in Crete, IL?
Vacancy risk in Crete, IL is elevated. That supports steady cash flow for typical rental holds.
How strong is tenant demand in Crete, IL?
Working renters make up the core of the Crete, IL tenant base. The pool is reasonable for investors targeting long-term holds.
What are rental rates like in Crete, IL?
Rental rates in Crete, IL average $1,413/mo. Tenant demand and $301K home values make the yield look reasonable by investor standards.
Are landlord laws favorable in Crete, IL?
Rental owners in Crete, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What type of investing works in Crete, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Crete, IL. With home values at $301K and rents near $1,413/mo, other strategies can work but produce predictable rather than outsized returns.
You know 60417 now. You don’t know where it ranks.
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How 60417 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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