Real Estate Investing in Flossmoor, Illinois (60422)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60422 (Flossmoor, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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 Flossmoor, IL (60422)?
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Market Analysis: 60422 Flossmoor
Investors eyeing 60422 need to respect the fundamentals at play. Home values of $345K come alongside slower price movement and elevated management overhead.
Rent of $2,403/mo on a $345K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60422 sits below the stated 0.0% once reality is priced in.
The gap between 60422 and stronger Flossmoor ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A solid renter share of 4% in 60422 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 60422 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Flossmoor:
Property Strategy for 60422
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $205,556 | $2,670 | 9.4% | +9.2% | $102,778 |
| 3BR | $274,621 | $3,440 | 9.0% | +7.6% | $91,540 |
| 4BR | $359,504 | $3,980 | 8.0% | +7.2% | $89,876 |
| 5BR | $434,111 | — | — | +7.7% | $86,822 |
Market Trends
Home Value History (with trend line)
📊 How Does 60422 Compare?
| Metric | 60422 | Flossmoor | Illinois |
|---|---|---|---|
| Home Value | $345,130 | $345,130 | $279,761 |
| 5-Year CAGR | 5.8% | 5.8% | 6.6% |
| Avg Rent | $2,403 | $2,403 | - |
| Cap Rate | 5.4% | 5.4% | - |
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 60422 (Flossmoor, 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 | $345,130 |
| Monthly Rent | $2,403 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.4% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (5.4%). 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 60422
Population: 9,885
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 60422
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Jesse C White Learning Academy
Willow School
Winston Churchill School
Arcadia Elem School
James Hart 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 668 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Flossmoor, IL?
Typical homes in Flossmoor, IL go for around $345K. The 5-year CAGR of 0.0% predictable price movement.
Does Flossmoor, IL make sense for an investment property?
With a 3.0/5 investability score, Flossmoor, IL ranks as a solid market for rental property investors. Median prices of $345K and rents of $2,403/mo drive the underlying numbers.
How strong is tenant demand in Flossmoor, IL?
Working renters make up the core of the Flossmoor, IL tenant base. The pool is reasonable for investors targeting long-term holds.
Is Flossmoor, IL good for landlords?
For rental operators, Flossmoor, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Which investment style suits Flossmoor, IL?
A careful cash-flow rentals with hands-on management strategy Flossmoor, IL best. The market produces measured results for that approach at the $345K price point.
You know 60422 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60422 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 60422 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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