Real Estate Investing in Matteson, Illinois (60443)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60443 (Matteson, 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.
- Higher unemployment: 8.1% unemployment — tenant risk signal.
What’s happening in Matteson, IL (60443)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60443 Matteson
The 60443 ZIP in Matteson, IL is a local-operator market. Outside capital chasing a $276K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $276K asset, 60443 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IL picture, 60443 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 60443 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 60443 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Matteson:
Property Strategy for 60443
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $188,121 | $2,000 | 7.7% | +10.3% | $94,061 |
| 3BR | $233,679 | $2,580 | 7.9% | +7.8% | $77,893 |
| 4BR | $329,947 | $2,980 | 6.5% | +7.4% | $82,487 |
| 5BR | $417,753 | — | — | +8.0% | $83,551 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60443 Compare?
| Metric | 60443 | Matteson | Illinois |
|---|---|---|---|
| Home Value | $275,537 | $275,537 | $279,761 |
| 5-Year CAGR | 4.4% | 4.4% | 6.6% |
| Avg Rent | $2,621 | $2,621 | - |
| Cap Rate | 7.4% | 7.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60443 (Matteson, 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 | $275,537 |
| Monthly Rent | $2,621 |
| Price-to-Rent | 8.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.4% |
| Cap Rate | 7.4% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60443
Population: 20,606
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 60443
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Neil Armstrong Elem School
Sauk Elem School
Arcadia Elem School
Richton Square School
Rich Township High 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 1,008 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Matteson, IL?
Matteson, IL median home values land near $276K. That is reasonable territory for investors looking at $2,621/mo-per-month rentals.
What investment strategy works best in Matteson, IL?
Matteson, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($276K prices, $2,621/mo rents) make it a reasonable choice.
Are renters plentiful in Matteson, IL?
Matteson, IL offers a steady renter base at the $2,621/mo rent level. Tenant turnover is reasonable for well-managed properties.
How does Matteson, IL rate as a rental market?
With a 3.0/5 investability score, Matteson, IL ranks as a solid market for rental property investors. Median prices of $276K and rents of $2,621/mo drive the underlying numbers.
Is IL a landlord-friendly state?
Rental owners in Matteson, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 60443 now. You don’t know where it ranks.
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How 60443 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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