Suburban Chicago: One of the Hottest Rental Markets in the U.S.!

[Jason B.]

Hey fellow suburban Illinois BPers - 

Not sure if this has been sent/shared previously, but thought it'd be good to recap - Chicago Agent Magazine recently reported that suburban Chicago was ranked the second-hottest rental market in the nation (Here’s the article.).

This confirms what a lot of us have seen: demand for rentals is really strong in the suburbs right now. Low vacancy rates, rising rents, and high tenant demand for more space/good school districts.  These areas are super attractive for investors.

It's not hard to see why.  I still think if you're an investor, you need to run your numbers carefully. 

What Do You Think? I’d love to hear your thoughts:

• Are you seeing this same rental demand in your investments?
• Any tips for navigating the competition in such a hot market?
• For those new to the area, are you considering these areas for your next deal?

If you’re already investing in areas like Naperville, Wheaton, or anywhere nearby, let’s chat! Always happy to connect and learn from others working in this market.

Looking forward to hearing what you think!

Cheers,
Jason Briesemeister
Illinois Realtor & Investor

[Jonathan Klemm]

Hey There @Jason B. - I really appreciate you sharing that article.  Everything in the article makes total sense...wealth building helps through appreciation and debt paydown over time.

It makes sense that chicago suburbs with strong school districts perform the best.  My girlfiend and I are looking in La Grange and Brookfield which is not quite as fast west as you, but my aunt lives in Wheaton so I am quite familiar with your area.

What's your game plan over the next two years?  Are you buying single family or multi-family?