Real Estate Investing in Tazewell County, Illinois

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

15 ZIP codes • Population: 133,947

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

🏠 For Homebuyers
GOOD FIT
Grade B (79/100)

Solid choice β€” values are growing steadily and the market is stable enough to buy with confidence.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.5% vacancy may signal weakening demand.

What’s happening in Tazewell County, IL?

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3.0/ 5

Investability

County-wide average

4.0/ 5

Appreciation

7.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $199,416
Avg Monthly Rent $987
ZIP Codes 15

Investing in Tazewell County Real Estate

Tazewell County (IL) covers 15 ZIPs and 13 municipalities. firmly the fundamentals here skew distressed, and both rent and price trends have been underwhelming across most of the geography.

Tazewell is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state capital should be especially careful with carry-in assumptions.

Demographics in Tazewell show real pressure β€” $N/AK median income is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Tazewell County, IL. Anonymous, moderated, never written by AI.

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Avg Home Value
$199,416
Avg Monthly Rent
$987
1% Rule
βœ— Below
Landlord Friendly (IL)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Peoria, IL metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
43%
Days Pending
0/2
27 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Tazewell County

2 Colleges 7,645 Students 4,842 Off-Campus Renters
C+
Oehrlein School of Cosmetology
Vocational For-Profit Β· 67 students
C
Illinois Central College
2-Year Public Β· 7,578 students
πŸ“ ~4,842 students rent off-campus

Investor Insight: With 4,842 students living off-campus, Tazewell County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Tazewell County

ZIP Codes in Tazewell County, IL

61554 β˜… β˜… β˜… β˜… β˜…
Pekin
Population 40,783
Avg Home $144,927
Avg Rent $926/mo
61571 β˜… β˜… β˜… β˜… β˜…
Washington
Population 24,544
Avg Home $238,591
Avg Rent $1,524/mo
61611 β˜… β˜… β˜… β˜… β˜…
East Peoria
Population 23,698
Avg Home $192,619
Avg Rent $1,000/mo
61550 β˜… β˜… β˜… β˜… β˜…
Morton
Population 18,688
Avg Home $291,605
Avg Rent $1,026/mo
61610 β˜… β˜… β˜… β˜… β˜…
Creve Coeur
Population 4,572
Avg Home $108,018
Avg Rent $828/mo
61755 β˜… β˜… β˜… β˜… β˜…
Mackinaw
Population 4,436
Avg Home $261,304
Avg Rent $936/mo
61568 β˜… β˜… β˜… β˜… β˜…
Tremont
Population 4,402
Avg Home $260,283
Avg Rent $927/mo
61546 β˜… β˜… β˜… β˜… β˜…
Manito
Population 3,682
Avg Home $147,600
Avg Rent $828/mo
61534 β˜… β˜… β˜… β˜… β˜…
Green Valley
Population 1,984
Avg Home $182,149
Avg Rent $873/mo
61535 β˜… β˜… β˜… β˜… β˜…
Groveland
Population 1,906
Avg Home $311,623
Avg Rent $918/mo
61747 β˜… β˜… β˜… β˜… β˜…
Hopedale
Population 1,504
Avg Home $200,267
Avg Rent $900/mo
61759 β˜… β˜… β˜… β˜… β˜…
Minier
Population 1,263
Avg Home $183,051
Avg Rent $882/mo
61564 β˜… β˜… β˜… β˜… β˜…
Pekin
Population 1,000
Avg Home $117,630
Avg Rent $828/mo
61733 β˜… β˜… β˜… β˜… β˜…
Mackinaw
Population 944
Avg Home $210,655
Avg Rent $1,125/mo
61721 β˜… β˜… β˜… β˜… β˜…
Armington
Population 541
Avg Home $140,917
Avg Rent $1,278/mo

Screen every market in Tazewell County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Tazewell County

What kind of vacancy should I budget for in, IL?

Expect elevated vacancy in, IL. Rents at $987/mo are absorbed by the tenant base without meaningful lag.

Are eviction rules reasonable in, IL?

Rental owners in, IL deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.

Is in IL worth investing in?

, IL rates 3.0/5 for investability. With median values at $199K and rents near $987/mo, the market offers reasonable fundamentals for rental investors.

Is, IL above or below the IL benchmark?

, IL sits broadly in line with the IL average on most investor metrics. Home values of $199K and rents of $987/mo set the benchmark here.

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