Real Estate Investing in Loda, Illinois (60948)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60948 (Loda, 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: 13.7% 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 Loda, IL (60948)?
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Market Analysis: 60948 Loda
Not every below-median market is a bargain. Loda's 60948 ZIP comes in at signals that favor experienced operators who can absorb the risk $256K pricing implies.
Rent of $882/mo on a $256K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60948 sits below the stated 0.0% once reality is priced in.
Regionally, 60948 sits on the difficult end of the IL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 60948 ZIP's population of 1,838 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategy in 60948 is an operator game, not a passive one. In practical terms, entry prices of $256K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Loda:
Market Trends
Home Value History (with trend line)
📊 How Does 60948 Compare?
| Metric | 60948 | Loda | Illinois |
|---|---|---|---|
| Home Value | $256,054 | $256,054 | $279,761 |
| 5-Year CAGR | 5.7% | 5.7% | 6.6% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60948 (Loda, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $256,054 |
| Monthly Rent | $882 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.7%). 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 60948
Population: 1,838
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
Frequently Asked Questions
Does a duplex house hack pencil in Loda, IL?
The a challenging house-hack environment in Loda, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How deep is the rental pool in Loda, IL?
Expect a solid tenant pool in Loda, IL. The rental market absorbs $882/mo rents without meaningful friction.
What is it like being a landlord in Loda, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Loda generally follows the statewide framework, so landlords face reasonable operating rules.
What monthly rent should investors expect in Loda, IL?
Average rent in Loda, IL is approximately $882/mo per month. Against $256K home values that yields a reasonable rent-to-price ratio.
How does Loda, IL rate as a rental market?
Loda, IL rates 3.0/5 for investability. With median values at $256K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
You know 60948 now. You don’t know where it ranks.
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