Real Estate Investing in Lee, Illinois (60553)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60553 (Lee, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lee, IL (60553)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60553 Lee
The 60553 ZIP covers a section of Lee that demands careful diligence. Prices near $288K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 60553 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 60553 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 15% in 60553 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. durable returns are possible in 60553, 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 Lee:
Market Trends
Home Value History (with trend line)
📊 How Does 60553 Compare?
| Metric | 60553 | Lee | Dixon, IL | Illinois |
|---|---|---|---|---|
| Home Value | $287,530 | $277,028 | N/A | $279,761 |
| 5-Year CAGR | N/A | 6.5% | N/A | 6.6% |
| Avg Rent | $1,233 | $1,184 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60553 (Lee, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $287,530 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.3% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +12.3% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (3.3%). 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 60553
Population: 681
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 60553
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 771 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Lee, IL?
Median home price in Lee, IL is near $288K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What kind of tenants rent in Lee, IL?
Tenant quality in Lee, IL ranks as solid. Landlords generally report steady occupancy at market rents of $1,233/mo.
How strong are rents in Lee, IL?
The typical rental in Lee, IL commands about $1,233/mo monthly. That rent profile steady cash flow against the $288K purchase basis.
Should investors consider Lee, IL?
The 2.0/5 investability rating in Lee, IL reflects its $288K prices and $1,233/mo rents. Investors generally consider it a solid option within IL.
What type of investing works in Lee, IL?
A careful cash-flow rentals with hands-on management strategy Lee, IL best. The market produces even-keeled results for that approach at the $288K price point.
You know 60553 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60553 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 60553 ranks in Dixon, IL
Every ZIP in this metro, ranked. Free.
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