Real Estate Investing in Joliet, Illinois (60433)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60433 (Joliet, 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.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
- Higher unemployment: 7.2% unemployment — tenant risk signal.
What’s happening in Joliet, IL (60433)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60433 Joliet
This part of Will County is not an easy win. The 60433 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $216K asset, 60433 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 60433 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 60433 ZIP's population of 15,293 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The right play in 60433 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 Joliet:
Property Strategy for 60433
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $175,634 | $1,590 | 6.5% | +10.4% | $87,817 |
| 3BR | $222,808 | $2,050 | 6.6% | +9.2% | $74,269 |
| 4BR | $239,795 | $2,370 | 7.1% | +9.1% | $59,949 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60433 Compare?
| Metric | 60433 | Joliet | Illinois |
|---|---|---|---|
| Home Value | $216,067 | $265,971 | $279,761 |
| 5-Year CAGR | 6.3% | 5.8% | 6.6% |
| Avg Rent | $1,598 | $1,755 | - |
| Cap Rate | 5.8% | 5.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60433 (Joliet, 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 | $216,067 |
| Monthly Rent | $1,598 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (5.8%). 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 60433
Population: 15,293
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 60433
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Gompers Junior High School
Isaac Singleton Elem Sch
Sator Sanchez Elem School
A O Marshall Elem School
Forest Park Individual Ed 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 1,390 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Joliet, IL?
Homes in Joliet, IL typically sell near $216K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is the tenant base reliable in Joliet, IL?
Working renters make up the core of the Joliet, IL tenant base. The pool is reasonable for investors targeting long-term holds.
How strict are landlord regulations in Joliet, IL?
IL law landlord-friendly for landlords, and Joliet inherits those rules. Investors should still review local ordinances for rental licensing.
What real estate strategy is ideal for Joliet, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Joliet, IL. With home values at $216K and rents near $1,598/mo, other strategies can work but produce steady rather than outsized returns.
What is the typical rental rate in Joliet, IL?
Rents in Joliet, IL run near $1,598/mo. Compared with median home prices of $216K that produces solid gross yields for typical rentals.
You know 60433 now. You don’t know where it ranks.
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How 60433 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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