Real Estate Investing in Warsaw, Illinois

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,828 • Hancock County

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Should you buy in Warsaw, IL? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
2 flags
  • High vacancy: 13.2% of homes vacant — above national norms.
  • Higher unemployment: 8.3% unemployment — tenant risk signal.

What’s happening in Warsaw, IL?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $119,544
Avg Monthly Rent $828
ZIP Codes 1

Investing in Warsaw Real Estate

Warsaw (Illinois) spans 1 ZIPs and roughly a sizable population. unambiguously the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Warsaw is in that category.

Market conditions in Warsaw are modest. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Distressed-leaning demographics in Warsaw — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Fort Madison-Keokuk, IA-IL-MO

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$119,544
Avg Monthly Rent
$828
1% Rule
✗ Below
Landlord Friendly (IL)

ZIP Codes in Warsaw, IL

Screen every ZIP in Warsaw

Filter Warsaw’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Warsaw, IL

Where do home prices stand in Warsaw, IL?

Expect median prices around $120K in Warsaw, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.

Are tenants stable in Warsaw, IL?

The tenant pool in Warsaw, IL is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.

What is the typical rental rate in Warsaw, IL?

Expect rents around $828/mo per month in Warsaw, IL. With home values at $120K, the yield math works out to reasonable levels for rental investors.

What type of investing works in Warsaw, IL?

Most investors in Warsaw, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

Can owner-occupants cash flow in Warsaw, IL?

House hacking in Warsaw, IL is a challenging. With home values around $120K and rents at $828/mo, owner-occupants can offset a meaningful share of PITI.

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