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Freeport, IL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$794
Monthly Cash Flow
-$286
Principal + Equity
$817
Annual Total Gain
$6,367
Cash on Cash
-11.28%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$138
Occupancy Rate
50%
Monthly Revenue
$1,385
Monthly Cash Flow
$98
Principal + Equity
$817
Annual Total Gain
$10,969
Cash on Cash %
3.85%
Net ROI %
Market Health & Growth
Median Income
$48,181
Population
23,636
LTR Renter %
41.1%
Forecast (1 yr)
4.6%
Appreciation (1 yr)
7.01%
Appreciation (5 yr)
54.74%
Appreciation (10 yr)
99.1%
Job Growth
1.45%
LTR Rentability
High
STR Demand
43
STR Rentals
0
Top Public Schools
CCenter Elementary School
CFreeport High School
C
C-
C-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Best Places to Retire in Illinois
#256out of 542 markets
Most Diverse Places to Live in Illinois
#168out of 635 markets
Places with the Lowest Cost of Living in Illinois
#95out of 635 markets
C
Public School
D
Crime And Safety
C
Housing
B
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Freeport, IL.
As of September 2021, Freeport, IL does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in the local government's approach to STRs.
Investors should also consider the potential impact of STRs on the community and neighborhood where they are considering purchasing a property. Some concerns that may arise with STRs include noise complaints, increased traffic, and changes in the character of the neighborhood.
Additionally, investors should be aware of any homeowner association rules or covenants that may restrict or prohibit STRs in the area where they are looking to invest.
Overall, it is important for investors to thoroughly research and understand the regulations and potential challenges associated with STRs in Freeport, IL before making a decision to purchase a property for short term rental purposes.
Market Trends Over Time
Explore 25 years of market data for Freeport, IL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Freeport, IL.
The LTR Genie Score of Freeport, IL is 66 and STR Genie Score is 60, indicating a high and moderate level of attractiveness for long-term rental and short-term rental investments, respectively. The high LTR Rentability and LTR Net ROI of 20.92% contribute to the high LTR Genie Score, while the STR Net ROI of 36.05% boosts the STR Genie Score. The 1-Year Price Appreciation Forecast of 4.6% suggests potential growth in property values. However, the STR Occupancy rate of 50.0% may be a concern for short-term rental investors.
Freeport, IL is a city located in northwestern Illinois with a population of approximately 25,000 residents. The city offers a mix of historic charm and modern amenities, making it an attractive location for real estate investment. The proximity to major cities like Chicago and Madison, WI, as well as access to outdoor recreational activities, can appeal to both long-term and short-term rental tenants.
Overall, Freeport, IL presents opportunities for both long-term and short-term rental investments. Investors looking for stable returns and steady cash flow may find success in long-term rentals, while those seeking higher ROI and are willing to manage occupancy fluctuations may consider short-term rentals. Conducting thorough market research and due diligence is recommended before making any investment decisions in Freeport, IL.
LTR Genie Score 93
$180,000
🛏 4 Beds🛁 4.0000 Baths🏙 2,914 sqft.🏠 SINGLE FAMILY
