Real Estate Investing in Burbank, Illinois (60459)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60459 (Burbank, 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 Burbank, IL (60459)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60459 Burbank
The 60459 ZIP covers a section of Burbank that demands careful diligence. Prices near $316K 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 $316K asset, 60459 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 60459 and stronger Burbank ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A resilient renter share of 20% in 60459 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. notable returns are possible in 60459, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Burbank:
Property Strategy for 60459
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $226,901 | $1,590 | 5.0% | +9.1% | $113,451 |
| 3BR | $288,737 | $2,050 | 5.1% | +7.3% | $96,246 |
| 4BR | $346,665 | $2,370 | 4.9% | +6.1% | $86,666 |
| 5BR | $372,708 | — | — | +6.1% | $74,542 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60459 Compare?
| Metric | 60459 | Burbank | Illinois |
|---|---|---|---|
| Home Value | $316,444 | $316,444 | $279,761 |
| 5-Year CAGR | 5.6% | 5.6% | 6.6% |
| Avg Rent | $2,196 | $2,196 | - |
| Cap Rate | 5.4% | 5.4% | - |
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 60459 (Burbank, 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 | $316,444 |
| Monthly Rent | $2,196 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (5.4%). 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 60459
Population: 28,822
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 60459
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 3,681 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Burbank, IL a smart market for rental property?
The 3.0/5 investability rating in Burbank, IL reflects its $316K prices and $2,196/mo rents. Investors generally consider it a solid option within IL.
Where do home prices stand in Burbank, IL?
Burbank, IL home values average about $316K. That price point suits investors targeting rentals with $2,196/mo in monthly income.
Do rentals sit vacant long in Burbank, IL?
Rental vacancy in Burbank, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Can I live-in-and-rent in Burbank, IL?
House hacking in Burbank, IL is a challenging. With home values around $316K and rents at $2,196/mo, owner-occupants can offset a meaningful share of PITI.
Are rents high in Burbank, IL?
Burbank, IL rentals go for roughly $2,196/mo a month. That puts gross yield in solid territory relative to $316K acquisition costs.
You know 60459 now. You don’t know where it ranks.
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How 60459 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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