Side-by-side comparison of Joliet, IL and Champaign, IL — cap rates, rent, prices, and investment metrics.
Cash flow: Champaign has the edge with an estimated cap rate of 3.96% compared to Joliet's 3.38%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $250,000 in Joliet vs $175,000 in Champaign, while rents come in at $1,380/mo and $1,050/mo respectively.
Growth & appreciation: Champaign is growing faster at 0.5% annually vs Joliet's 0.4%. Joliet leads on home value appreciation at 2.2% per year.
Costs & risk: Property taxes are 2.06% in Joliet vs 2.04% in Champaign. Vacancy rates of 5.8% and 5.5% are both healthy, suggesting strong tenant demand in both markets.
Bottom line: Champaign edges out Joliet on most key metrics. While cap rates are moderate at 3.96%, Champaign's overall profile is stronger. Use our free calculators to model specific deals in Joliet or Champaign.