Real Estate Investing in Lemont, Illinois (60439)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60439 (Lemont, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 Lemont, IL (60439)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60439 Lemont
Investors eyeing 60439 need to respect the fundamentals at play. Home values of $599K come alongside slower price movement and elevated management overhead.
The investment case in 60439 is healthy only for operators who understand what they are buying. A $599K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 60439 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 60439 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Lemont's stable or hybrid ZIPs before stepping into 60439. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lemont:
Property Strategy for 60439
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $360,768 | $1,550 | 3.1% | +7.7% | $180,384 |
| 3BR | $448,382 | $2,000 | 3.2% | +7.6% | $149,461 |
| 4BR | $654,567 | $2,310 | 2.5% | +7.9% | $163,642 |
| 5BR | $804,306 | — | — | +8.0% | $160,861 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60439 Compare?
| Metric | 60439 | Lemont | Illinois |
|---|---|---|---|
| Home Value | $599,129 | $599,129 | $279,761 |
| 5-Year CAGR | 6.7% | 6.7% | 6.6% |
| Avg Rent | $2,231 | $2,231 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 60439 (Lemont, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60439 (Lemont, IL)?
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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 | $599,129 |
| Monthly Rent | $2,231 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.9%). 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 60439
Population: 24,255
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 60439
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 2,485 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Lemont, IL?
In Lemont, IL the median home value sits at $599K. Against the broader IL market, that reads as reasonable for most investors.
What are rental rates like in Lemont, IL?
Rent in Lemont, IL is around $2,231/mo. The resulting rent-to-value relationship with $599K pricing is reasonable for most investor models.
Are tenants stable in Lemont, IL?
Tenant demand in Lemont, IL is solid. The local workforce $2,231/mo rents across most rental classes.
Which investment style suits Lemont, IL?
Lemont, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($599K prices, $2,231/mo rents) make it a reasonable choice.
How landlord-friendly is Lemont, IL?
Lemont, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 60439 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60439 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 60439 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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