Rental numbers for Will County, IL
The typical home here runs -$1,114 a month at 7.78% with 25% down, breaking even at about 1.1%. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.8%.
- Gross yield
- 7.6%
- typical home, Zillow
- Median ZIP yield
- 7.8%
- 11 ZIPs with full data
- Cash flow
- -$1,114/mo
- at 7.78%, 25% down
- Typical price
- $377,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,383/mo
- Zillow ZORI, Aug 2026
ZIP codes in Will County
30 with published figures
| 60484University Park | $198,000 | $1,846 | 11.2% | 4.7% | -$300 | n/a |
| 60440Bolingbrook | $334,000 | $2,662 | 9.6% | 4.4% | -$581 | +6.4% |
| 60586Plainfield | $394,000 | $3,053 | 9.3% | 4.6% | -$598 | +7.2% |
| 60432Joliet | $212,000 | $1,560* | 8.8% | 3.9% | -$451 | n/a |
| 60436Rockdale | $230,000 | $1,660* | 8.7% | 3.9% | -$499 | n/a |
| 60544Plainfield | $392,000 | $2,595 | 8.0% | 3.4% | -$1,008 | n/a |
| 60446Romeoville | $321,000 | $2,104 | 7.9% | 2.9% | -$960 | +2.9% |
| 60433Joliet | $216,000 | $1,395 | 7.8% | 3.0% | -$625 | n/a |
| 60503Aurora | $418,000 | $2,550 | 7.3% | 2.3% | -$1,435 | n/a |
| 60403Crest Hill | $282,000 | $1,690* | 7.2% | 2.7% | -$893 | n/a |
| 60441Lockport | $364,000 | $2,136 | 7.0% | 2.2% | -$1,284 | +2.1% |
| 60404Shorewood | $416,000 | $2,390* | 6.9% | 2.4% | -$1,400 | n/a |
| 60435Joliet | $279,000 | $1,584 | 6.8% | 2.2% | -$993 | +6.1% |
| 60451New Lenox | $456,000 | $2,549 | 6.7% | 2.2% | -$1,616 | n/a |
| 60410Channahon | $386,000 | $2,100* | 6.5% | 2.1% | -$1,396 | n/a |
| 60490Bolingbrook | $499,000 | $2,670* | 6.4% | 1.8% | -$1,958 | n/a |
| 60431Joliet | $354,000 | $1,880* | 6.4% | 1.8% | -$1,367 | n/a |
| 60408Braidwood | $287,000 | $1,510* | 6.3% | 2.0% | -$1,065 | n/a |
| 60417Crete | $302,000 | $1,570* | 6.2% | 1.0% | -$1,379 | n/a |
| 60585Plainfield | $561,000 | $2,670* | 5.7% | 1.5% | -$2,325 | n/a |
| 60481Wilmington | $275,000 | $1,290* | 5.6% | 1.5% | -$1,136 | n/a |
| 60401Beecher | $321,000 | $1,410* | 5.3% | 0.7% | -$1,549 | n/a |
| 60421Elwood | $321,000 | $1,380* | 5.2% | 1.1% | -$1,438 | n/a |
| 60449Monee | $353,000 | $1,500* | 5.1% | 0.1% | -$1,855 | n/a |
| 60448Mokena | $453,000 | $1,850* | 4.9% | 0.6% | -$2,198 | n/a |
| 60491Homer Glen | $526,000 | $2,070* | 4.7% | 0.7% | -$2,550 | n/a |
| 60564Naperville | $700,000 | $2,739 | 4.7% | 1.1% | -$3,131 | +1.4% |
| 60468Peotone | $343,000 | $1,330* | 4.7% | 1.0% | -$1,569 | n/a |
| 60423Frankfort | $504,000 | $1,840* | 4.4% | 0.1% | -$2,651 | n/a |
| 60442Manhattan | $399,000 | $1,390* | 4.2% | -0.2% | -$2,220 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.7%
- Rent, 12 months
- +2.8%
- Rent minus price growth
- +0.1 pts
- Property tax
- 2.24%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $292,556 | $1,795 |
| Aug 2022 | $326,752 | $1,944 |
| Aug 2023 | $337,355 | $2,060 |
| Aug 2024 | $355,674 | $2,199 |
| Aug 2025 | $367,007 | $2,318 |
| Aug 2026 | $376,816 | $2,383 |
HUD Fair Market Rent
FY2027, Chicago-Joliet-Naperville, IL HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,678 | $1,780 | $2,011 | $2,586 | $2,954 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 7.4
- 1,808 units, last 12 months
- National percentile
- 61th
- among US counties
Tools
Test a listing in Will County against today's rate.
Open the calculatorPart of the Chicago, IL metro.
Questions
- Is Will County good for rental property?
- The typical home here runs -$1,114 a month at 7.78% with 25% down, breaking even at about 1.1%. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.8%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Will County?
- About 2.24% of value, from Census ACS median taxes paid over median home value. On a $377,000 home that is about $8,456 a year.
- What is Fair Market Rent in Will County?
- HUD's FY2027 Fair Market Rent here is $1,780 for a 1-bedroom, $2,011 for a 2-bedroom and $2,586 for a 3-bedroom. Typical cash flow at today's rate is -$1,114 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.