Real Estate Investing in Wilmington, Illinois (60481)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60481 (Wilmington, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wilmington, IL (60481)?
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Market Analysis: 60481 Wilmington
The 60481 ZIP in Wilmington, IL is a local-operator market. Outside capital chasing a $277K entry has to pair deep knowledge with the discount.
The 60481 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Wilmington have seen price recovery that 60481 has not matched. Will County data supports the view that the spread is structural rather than temporary.
The demographic picture in 60481 includes headwinds that any investor should price in. Income distribution skews lower than Wilmington averages, and tenant stability requires active management.
Strategy in 60481 is an operator game, not a passive one. In practical terms, entry prices of $277K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Wilmington:
Property Strategy for 60481
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $131,188 | $1,140 | 6.3% | +8.1% | $131,188 |
| 2BR | $197,710 | $1,290 | 4.7% | +8.0% | $98,855 |
| 3BR | $279,116 | $1,660 | 4.3% | +7.9% | $93,039 |
| 4BR | $352,139 | $1,920 | 3.9% | +7.9% | $88,035 |
Market Trends
Home Value History (with trend line)
📊 How Does 60481 Compare?
| Metric | 60481 | Wilmington | Illinois |
|---|---|---|---|
| Home Value | $276,549 | $276,549 | $279,761 |
| 5-Year CAGR | 6.4% | 6.4% | 6.6% |
| Avg Rent | $1,161 | $1,161 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60481 (Wilmington, IL). Anonymous, moderated, never written by AI.
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Property managers serving Will County
Manage rentals here? List your business →HSR Property Services, LLC is a full-service property management firm in Tinley Park, IL, specializing in Condominium, Townhome & Single Family Homeowner Associations, Apartment Rentals, Affordable & summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $276,549 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.3%). 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 60481
Population: 11,277
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 60481
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,390 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Wilmington, IL?
Wilmington, IL median home values land near $277K. That is reasonable territory for investors looking at $1,161/mo-per-month rentals.
How quickly do rentals get leased in Wilmington, IL?
Occupancy in Wilmington, IL runs predictable with elevated vacancy. Well-priced units at $1,161/mo lease on reasonable timelines.
How does Wilmington, IL stack up for property investment?
Wilmington, IL rates 3.0/5 for investability. With median values at $277K and rents near $1,161/mo, the market offers reasonable fundamentals for rental investors.
Which investment style suits Wilmington, IL?
For Wilmington, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is the tenant base reliable in Wilmington, IL?
Wilmington, IL draws a reliable base of working renters. Demand at the $1,161/mo rent level is reasonable for standard single-family and small multi rentals.
You know 60481 now. You don’t know where it ranks.
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How 60481 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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