Real Estate Investing in Clarendon Hills, Illinois (60514)
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Should you buy in 60514 (Clarendon Hills, IL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 Clarendon Hills, IL (60514)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60514 Clarendon Hills
Investors eyeing 60514 need to respect the fundamentals at play. Home values of $696K come alongside slower price movement and elevated management overhead.
From an investor standpoint, the numbers look inviting — $696K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60514 is substantial and deserves full respect.
Statewide comparisons place 60514 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A durable renter share of 20% in 60514 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 60514 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 Clarendon Hills:
Property Strategy for 60514
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $166,140 | $1,370 | 5.9% | +7.3% | $166,140 |
| 2BR | $299,433 | $1,540 | 3.7% | +7.1% | $149,717 |
| 3BR | $516,738 | $1,980 | 2.8% | +7.8% | $172,246 |
| 4BR | $905,572 | $2,290 | 1.8% | +7.4% | $226,393 |
| 5BR | $1,553,586 | — | — | +7.8% | $310,717 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60514 Compare?
| Metric | 60514 | Clarendon Hills | Illinois |
|---|---|---|---|
| Home Value | $695,666 | $695,666 | $279,761 |
| 5-Year CAGR | 7.3% | 7.3% | 6.6% |
| Avg Rent | $2,585 | $2,585 | - |
| 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 60514 (Clarendon Hills, IL). Anonymous, moderated, never written by AI.
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Property managers serving DuPage County
Manage rentals here? List your business →Hillcrest Property Management is an HOA Management Company serving HOAs. summary from their website
Redbrick Property Management specializes in HOA, Condo, Townhouse, Community Management for large-scale, master-planned, gated, and senior communities in Lombard. summary from their website
ACM Community Management is part of RealManage. 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 | $695,666 |
| Monthly Rent | $2,585 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +12.3% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 60514
Population: 9,760
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 60514
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Madison Elem School
Monroe Elem School
The Lane Elem School
Westmont High School
Brook Forest 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
What is the best play in Clarendon Hills, IL?
Clarendon Hills, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($696K prices, $2,585/mo rents) make it a reasonable choice.
Is Clarendon Hills, IL a friendly market for rental owners?
Clarendon Hills, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Where do rents currently stand in Clarendon Hills, IL?
Investors in Clarendon Hills, IL typically see rents near $2,585/mo per month against $696K home values - a solid setup for rental cash flow.
How qualified is the tenant pool in Clarendon Hills, IL?
The tenant pool in Clarendon Hills, IL is solid, supported by local employment and population fundamentals. Rents of $2,585/mo are well-absorbed by the market.
Should investors consider Clarendon Hills, IL?
The 3.0/5 investability rating in Clarendon Hills, IL reflects its $696K prices and $2,585/mo rents. Investors generally consider it a solid option within IL.
You know 60514 now. You don’t know where it ranks.
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How 60514 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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