Real Estate Investing in Tinley Park, Illinois (60477)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60477 (Tinley Park, 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 Tinley Park, IL (60477)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60477 Tinley Park
The 60477 ZIP in Tinley Park, IL is a local-operator market. Outside capital chasing a $312K entry has to pair deep knowledge with the discount.
Turning to rents, the numbers look inviting — $312K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60477 is substantial and deserves full respect.
ZIP 60477's metrics run below Cook County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From an investor standpoint, 36,393 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.
The 60477 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Tinley Park:
Property Strategy for 60477
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $239,749 | $1,760 | 5.3% | +8.2% | $119,875 |
| 3BR | $317,614 | $2,270 | 5.1% | +6.8% | $105,871 |
| 4BR | $396,733 | $2,620 | 4.8% | +6.5% | $99,183 |
| 5BR | $482,963 | — | — | +6.8% | $96,593 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60477 Compare?
| Metric | 60477 | Tinley Park | Illinois |
|---|---|---|---|
| Home Value | $311,948 | $356,634 | $279,761 |
| 5-Year CAGR | 5.6% | 5.3% | 6.6% |
| Avg Rent | $2,371 | $2,753 | - |
| Cap Rate | 5.9% | 6.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60477 (Tinley Park, 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 | $311,948 |
| Monthly Rent | $2,371 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +15.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.9%). 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 60477
Population: 36,393
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 60477
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Arbor Park Middle School
Walker Intermediate School
Walter F Fierke Ed Center
Arbor Elementary School
Fieldcrest Elem 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
Frequently Asked Questions
Is real estate in Tinley Park, IL a good investment right now?
Tinley Park, IL rates 3.0/5 for investability. With median values at $312K and rents near $2,371/mo, the market offers reasonable fundamentals for rental investors.
Is the tenant base reliable in Tinley Park, IL?
Tenant demand in Tinley Park, IL is solid. The local workforce $2,371/mo rents across most rental classes.
Do landlords face vacancy issues in Tinley Park, IL?
Expect elevated vacancy in Tinley Park, IL. Rents at $2,371/mo are absorbed by the tenant base without meaningful lag.
How much should I expect to pay for a home in Tinley Park, IL?
Typical homes in Tinley Park, IL go for around $312K. The 5-year CAGR of 0.0% measured price movement.
What is the average monthly rent in Tinley Park, IL?
Expect rents around $2,371/mo per month in Tinley Park, IL. With home values at $312K, the yield math works out to reasonable levels for rental investors.
You know 60477 now. You don’t know where it ranks.
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How 60477 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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