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Naperville vs Champaign for Rental Property Investing

Side-by-side comparison of Naperville, IL and Champaign, IL — cap rates, rent, prices, and investment metrics.

Dead heat across key metrics
Champaign leads on cash flow (3.96% vs 2.29% cap rate) · Naperville leads on population growth
Metric
Naperville, IL
Champaign, IL
Est. Cap Rate
2.29%
3.96%
Median Home Price
$440,000
$175,000
Median Monthly Rent
$1,950
$1,050
1% Rule
0.44%
0.60%
GRM
18.8x
13.9x
Price / Income
3.7x
4.1x
Property Tax Rate
2%
2.04%
Vacancy Rate
4.2%
5.5%
Population Growth
0.5% / yr
0.5% / yr
Annual Appreciation
2.5%
2.2%
Population
150,000
93,000
Median Income
$118,000
$42,400

Naperville vs Champaign: Which Is Better for Investors?

Cash flow: Champaign has the edge with an estimated cap rate of 3.96% compared to Naperville's 2.29%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $440,000 in Naperville vs $175,000 in Champaign, while rents come in at $1,950/mo and $1,050/mo respectively.

Growth & appreciation: Naperville is growing faster at 0.5% annually vs Champaign's 0.5%. Naperville leads on home value appreciation at 2.5% per year.

Costs & risk: Property taxes are 2% in Naperville vs 2.04% in Champaign. Vacancy rates of 4.2% and 5.5% are both healthy, suggesting strong tenant demand in both markets.

Bottom line: These two markets are remarkably similar — the best choice depends on your strategy. Champaign is better for cash flow, Naperville for growth. Use our free calculators to model specific deals in Naperville or Champaign.

Naperville, IL
2.29% cap rate · $440,000 median · $1,950/mo
Full analysis →
Champaign, IL
3.96% cap rate · $175,000 median · $1,050/mo
Full analysis →
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