Real Estate Investing in Harvey, Illinois (60426)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60426 (Harvey, 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: 23.2% of homes vacant — above national norms.
- Higher unemployment: 8.2% unemployment — tenant risk signal.
What’s happening in Harvey, IL (60426)?
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Market Analysis: 60426 Harvey
ZIP 60426 inside Harvey, IL leans into a value-add thesis. Home values near $108K sit below the state median, and rents of $1,693/mo leave room for forced-equity plays.
Cap rate math of 0.0% understates the return here. Post-rehab, stabilized yields climb, and the 60426 ZIP's older housing stock gives operators the opportunity set to execute.
The a credible choice for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 60426 has not.
The resident base in 60426 runs younger and more tenure-renter than county averages. 48% of 23,066 households lease, which is the demand source for post-rehab rent lifts.
BRRRR is the most natural fit. Buy under $108K, rehab, refinance, and the capital recycles in a way turnkey markets cannot replicate.
Here's what matters if you're considering buying a home in Harvey:
Property Strategy for 60426
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $81,507 | $1,340 | 11.8% | +11.8% | $40,753 |
| 3BR | $104,274 | $1,730 | 11.9% | +8.6% | $34,758 |
| 4BR | $123,477 | $2,000 | 11.7% | +8.5% | $30,869 |
| 5BR | $142,805 | — | — | +7.9% | $28,561 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60426 Compare?
| Metric | 60426 | Harvey | Illinois |
|---|---|---|---|
| Home Value | $108,267 | $108,267 | $279,761 |
| 5-Year CAGR | 4.5% | 4.5% | 6.6% |
| Avg Rent | $1,693 | $1,693 | - |
| Cap Rate | 12.2% | 12.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60426 (Harvey, 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 | $108,267 |
| Monthly Rent | $1,693 |
| Price-to-Rent | 5.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 18.8% |
| Cap Rate | 12.2% |
| 5-Year IRR | 16.7% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +11.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (12.2%) 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 60426
Population: 23,066
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 60426
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 668 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Harvey, IL?
In Harvey, IL the median home value sits at $108K. Against the broader IL market, that reads as reasonable for most investors.
Does the 1% rule work in Harvey, IL?
Yes, many Harvey, IL properties clear the 1% rule. The rent-to-price ratio averages 1.56%, supported by $1,693/mo rents.
What type of investing works in Harvey, IL?
Most investors in Harvey, IL run a value-add and BRRRR deals strategy. It aligns with the 5.0/5 investability profile and the market fundamentals.
How do BRRRR numbers look in Harvey, IL?
Yes - BRRRR is a strong in Harvey, IL. The $108K home values and $1,693/mo rents anchor the refinance math.
Is house hacking profitable in Harvey, IL?
The an attractive house-hack environment in Harvey, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 60426 now. You don’t know where it ranks.
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How 60426 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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