Real Estate Investing in Plainfield, Illinois (60544)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60544 (Plainfield, 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 Plainfield, IL (60544)?
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Market Analysis: 60544 Plainfield
Not every below-median market is a bargain. Plainfield's 60544 ZIP stands at signals that favor experienced operators who can absorb the risk $395K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $395K asset, 60544 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 60544 sits on the difficult end of the IL spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
From an investor standpoint, 27,937 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.
Strategy in 60544 is an operator game, not a passive one. In practical terms, entry prices of $395K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Plainfield:
Property Strategy for 60544
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $297,558 | $2,330 | 5.6% | +8.7% | $148,779 |
| 3BR | $347,146 | $3,000 | 6.2% | +8.0% | $115,715 |
| 4BR | $503,436 | $3,460 | 4.9% | +8.5% | $125,859 |
| 5BR | $560,461 | — | — | +8.4% | $112,092 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60544 Compare?
| Metric | 60544 | Plainfield | Illinois |
|---|---|---|---|
| Home Value | $394,517 | $451,671 | $279,761 |
| 5-Year CAGR | 5.8% | 6.1% | 6.6% |
| Avg Rent | $2,612 | $3,166 | - |
| Cap Rate | 5.2% | 5.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60544 (Plainfield, IL). Anonymous, moderated, never written by AI.
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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 | $394,517 |
| Monthly Rent | $2,612 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (5.2%). 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 60544
Population: 27,937
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 60544
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 1,390 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there empty rentals in Plainfield, IL?
Plainfield, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
What do landlords charge for rent in Plainfield, IL?
Expect rents around $2,612/mo per month in Plainfield, IL. With home values at $395K, the yield math works out to reasonable levels for rental investors.
How expensive is real estate in Plainfield, IL?
Median home price in Plainfield, IL is near $395K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What approach is best for Plainfield, IL real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Plainfield, IL. The numbers - $395K homes against $2,612/mo rents - support that play.
Is real estate in Plainfield, IL a good investment right now?
Plainfield, IL rates 3.0/5 for investability. With median values at $395K and rents near $2,612/mo, the market offers reasonable fundamentals for rental investors.
You know 60544 now. You don’t know where it ranks.
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How 60544 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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