Real Estate Investing in Apple River, Illinois (61001)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61001 (Apple River, 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: 55.7% 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 Apple River, IL (61001)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61001 Apple River
This part of Jo Daviess County is not an easy win. The 61001 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $329K asset, 61001 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Apple River have seen price recovery that 61001 has not matched. Jo Daviess County data supports the view that the spread is structural rather than temporary.
Looking more closely, 1,237 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. robust returns are possible in 61001, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Apple River:
Market Trends
Home Value History (with trend line)
📊 How Does 61001 Compare?
| Metric | 61001 | Apple River | Illinois |
|---|---|---|---|
| Home Value | $328,970 | $328,970 | $279,761 |
| 5-Year CAGR | 5.5% | 5.5% | 6.6% |
| Avg Rent | $1,251 | $1,251 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61001 (Apple River, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 61001 (Apple River, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $328,970 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.0%). 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 61001
Population: 1,237
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
How do home values compare in Apple River, IL?
Median home price in Apple River, IL is near $329K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Should investors worry about vacancy in Apple River, IL?
Vacancy risk in Apple River, IL is elevated. That supports even-keeled cash flow for typical rental holds.
What is the renter demographic in Apple River, IL?
Tenant demand in Apple River, IL is solid. The local workforce $1,251/mo rents across most rental classes.
Are landlord laws favorable in Apple River, IL?
For rental operators, Apple River, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much do tenants pay in Apple River, IL?
The typical rental in Apple River, IL commands about $1,251/mo monthly. That rent profile consistent cash flow against the $329K purchase basis.
You know 61001 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61001 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.
AI Market Advisor
Ask questions about investing in 61001 (Apple River)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 61001 (Apple River, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.