Real Estate Investing in University Park, Illinois (60484)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60484 (University 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 balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
What’s happening in University Park, IL (60484)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60484 University Park
Investors eyeing 60484 need to respect the fundamentals at play. Home values of $200K come alongside slower price movement and elevated management overhead.
Rent of $1,900/mo on a $200K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60484 sits below the stated 0.0% once reality is priced in.
Regionally, 60484 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
A notable renter share of 32% in 60484 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 60484 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in University Park:
Property Strategy for 60484
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $180,752 | $2,370 | 9.4% | +8.7% | $60,251 |
| 4BR | $256,356 | $2,740 | 7.7% | +9.3% | $64,089 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60484 Compare?
| Metric | 60484 | University Park | Illinois |
|---|---|---|---|
| Home Value | $200,139 | $200,139 | $279,761 |
| 5-Year CAGR | 7.0% | 7.0% | 6.6% |
| Avg Rent | $1,900 | $1,900 | - |
| Cap Rate | 7.4% | 7.4% | - |
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 60484 (University Park, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60484 (University Park, IL)?
~25 seconds · no account needed · your report is anonymous
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 | $200,139 |
| Monthly Rent | $1,900 |
| Price-to-Rent | 8.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.4% |
| Cap Rate | 7.4% |
| 5-Year IRR | 14.4% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 60484
Population: 6,612
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 60484
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Illinois School
Michelle Obama Sch of Technology
21st Century Primary Center
Mohawk Primary Center
Neil Armstrong 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
Investor Insight: With 1,008 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in University Park, IL?
University Park, IL median home values land near $200K. That is reasonable territory for investors looking at $1,900/mo-per-month rentals.
How strong is the working-renter base in University Park, IL?
Tenant demand in University Park, IL is solid. The local workforce $1,900/mo rents across most rental classes.
Does a duplex house hack pencil in University Park, IL?
For house hackers, University Park, IL is a challenging. The $1,900/mo rent on a unit helps defray the mortgage on a $200K property.
How much rent can I charge in University Park, IL?
University Park, IL rentals go for roughly $1,900/mo a month. That puts gross yield in solid territory relative to $200K acquisition costs.
How strict are landlord regulations in University Park, IL?
University Park, IL operates under IL law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
You know 60484 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60484 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 60484 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 60484 (University Park)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 60484 (University Park, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.