Real Estate Investing in South Wilmington, Illinois (60474)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60474 (South Wilmington, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.8% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in South Wilmington, IL (60474)?
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Market Analysis: 60474 South Wilmington
ZIP 60474 in South Wilmington, IL carries a significant set of headwinds. Home values near $195K and rents of $1,440/mo sit inside a market where underwriting has to be tight.
The investment case in 60474 is impressive only for operators who understand what they are buying. A $195K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IL, ZIP 60474 trails on several market indicators that neighboring Grundy County submarkets outperform. The gap is real and healthy enough to shape underwriting.
A resilient renter share of 11% in 60474 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 60474 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in South Wilmington:
Market Trends
Home Value History (with trend line)
📊 How Does 60474 Compare?
| Metric | 60474 | South Wilmington | Illinois |
|---|---|---|---|
| Home Value | $194,648 | $194,648 | $279,761 |
| 5-Year CAGR | 6.1% | 6.1% | 6.6% |
| Avg Rent | $1,440 | $1,440 | - |
| Cap Rate | 5.8% | 5.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60474 (South Wilmington, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,648 |
| Monthly Rent | $1,440 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60474
Population: 628
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 60474
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What are home prices like in South Wilmington, IL?
Median home price in South Wilmington, IL is near $195K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
How do landlord-tenant laws work in South Wilmington, IL?
IL law landlord-friendly for landlords, and South Wilmington inherits those rules. Investors should still review local ordinances for rental licensing.
Should investors consider South Wilmington, IL?
The 3.0/5 investability rating in South Wilmington, IL reflects its $195K prices and $1,440/mo rents. Investors generally consider it a solid option within IL.
How much is rent in South Wilmington, IL?
Rents in South Wilmington, IL run near $1,440/mo. Compared with median home prices of $195K that produces solid gross yields for typical rentals.
Is the tenant base reliable in South Wilmington, IL?
Tenant demand in South Wilmington, IL is solid. The local workforce $1,440/mo rents across most rental classes.
You know 60474 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60474 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 60474 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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