Side-by-side comparison of Joliet, IL and Springfield, IL — cap rates, rent, prices, and investment metrics.
Cash flow: Springfield has the edge with an estimated cap rate of 4.77% 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 $135,000 in Springfield, while rents come in at $1,380/mo and $920/mo respectively.
Growth & appreciation: Joliet is growing faster at 0.4% annually vs Springfield's 0.1%. Joliet leads on home value appreciation at 2.2% per year.
Costs & risk: Property taxes are 2.06% in Joliet vs 2.08% in Springfield. Vacancy rates of 5.8% and 6.5% are mixed — Joliet has the tighter rental market.
Bottom line: Joliet edges out Springfield on most key metrics. While cap rates are moderate at 3.38%, Joliet's overall profile is stronger. Use our free calculators to model specific deals in Joliet or Springfield.