Real Estate Investing in Hazel Crest, Illinois (60429)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60429 (Hazel Crest, 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: 12.7% of homes vacant — above national norms.
- Elevated poverty: 21.8% poverty rate — can affect rent collection.
- Higher unemployment: 9.1% unemployment — tenant risk signal.
What’s happening in Hazel Crest, IL (60429)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60429 Hazel Crest
ZIP 60429 is one of those Cook County markets that does not swing much. $188K in median price, $2,538/mo in rent, and a 0.0% growth rate that stays near its long-run average.
Stable does not mean boring — it means underwritable. ZIP 60429 records consistent rent collection, moderate price movement, and a tenant base of 34% renters.
ZIP 60429's relationship to the Hazel Crest and Cook County medians is close enough that it can stand in for regional assumptions without much adjustment.
Population of 14,602, moderate tenure turnover, and a an appealing option for employment base together describe the demographic character of a market that does what it says on the tin.
Strategically, 60429 is not where investors take big swings — it is where they hold quality, collect rent, and let time compound the modest 0.0% growth.
Here's what matters if you're considering buying a home in Hazel Crest:
Property Strategy for 60429
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $109,569 | $1,820 | 12.0% | +8.8% | $54,785 |
| 3BR | $173,217 | $2,340 | 9.7% | +8.1% | $57,739 |
| 4BR | $233,860 | $2,710 | 8.3% | +6.9% | $58,465 |
| 5BR | $249,733 | — | — | +6.5% | $49,947 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60429 Compare?
| Metric | 60429 | Hazel Crest | Illinois |
|---|---|---|---|
| Home Value | $187,646 | $187,646 | $279,761 |
| 5-Year CAGR | 4.6% | 4.6% | 6.6% |
| Avg Rent | $2,538 | $2,538 | - |
| Cap Rate | 10.6% | 10.6% | - |
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 60429 (Hazel Crest, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60429 (Hazel Crest, IL)?
~25 seconds · no account needed · your report is anonymous
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 | $187,646 |
| Monthly Rent | $2,538 |
| Price-to-Rent | 6.2:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 16.2% |
| Cap Rate | 10.6% |
| 5-Year IRR | 15.2% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (10.6%) 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 60429
Population: 14,602
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 60429
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Coolidge Middle School
Taft School
Willow School
Winston Churchill 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 price range are homes in Hazel Crest, IL?
Hazel Crest, IL median home values land near $188K. That is reasonable territory for investors looking at $2,538/mo-per-month rentals.
How strong are rents in Hazel Crest, IL?
Average rent in Hazel Crest, IL is approximately $2,538/mo per month. Against $188K home values that yields a reasonable rent-to-price ratio.
Which investment style suits Hazel Crest, IL?
Investors who focus on steady buy-and-hold investing typically do well in Hazel Crest, IL. The numbers - $188K homes against $2,538/mo rents - support that play.
Does a duplex house hack pencil in Hazel Crest, IL?
The house hack math an attractive in Hazel Crest, IL. Owner-occupant buyers benefit from the $2,538/mo rents and $188K home values.
Is Hazel Crest, IL good for landlords?
IL ranks as a landlord-friendly state for landlord-tenant law. Hazel Crest generally follows the statewide framework, so landlords face reasonable operating rules.
You know 60429 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60429 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 60429 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 60429 (Hazel Crest)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 60429 (Hazel Crest, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.