Real Estate Investing in Joliet, Illinois (60435)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60435 (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.
No major risk flags on the data we track.
What’s happening in Joliet, IL (60435)?
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Market Analysis: 60435 Joliet
The 60435 ZIP covers a section of Joliet that demands careful diligence. Prices near $281K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $281K asset, 60435 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 60435 and stronger Joliet ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On balance, 48,521 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 60435 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Joliet:
Property Strategy for 60435
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $220,710 | $1,630 | 5.3% | +8.9% | $110,355 |
| 3BR | $277,691 | $2,100 | 5.4% | +8.4% | $92,564 |
| 4BR | $324,787 | $2,430 | 5.4% | +7.8% | $81,197 |
| 5BR | $320,724 | — | — | +8.2% | $64,145 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60435 Compare?
| Metric | 60435 | Joliet | Illinois |
|---|---|---|---|
| Home Value | $280,813 | $265,971 | $279,761 |
| 5-Year CAGR | 6.3% | 5.8% | 6.6% |
| Avg Rent | $1,511 | $1,755 | - |
| Cap Rate | 4.2% | 5.2% | - |
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 60435 (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 | $280,813 |
| Monthly Rent | $1,511 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 60435
Population: 48,521
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 60435
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 1,390 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors worry about vacancy in Joliet, IL?
Rental vacancy in Joliet, IL is elevated. Investors should budget normal turnover but not chronic empty units.
What is the tenant pool like in Joliet, IL?
Joliet, IL offers a steady renter base at the $1,511/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the typical home price in Joliet, IL?
Joliet, IL median home values land near $281K. That is reasonable territory for investors looking at $1,511/mo-per-month rentals.
Does Joliet, IL favor landlords or tenants?
IL ranks as a landlord-friendly state for landlord-tenant law. Joliet generally follows the statewide framework, so landlords face reasonable operating rules.
How strong are rents in Joliet, IL?
Rents in Joliet, IL run near $1,511/mo. Compared with median home prices of $281K that produces solid gross yields for typical rentals.
You know 60435 now. You don’t know where it ranks.
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How 60435 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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