Real Estate Investing in Byron, Illinois (61010)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61010 (Byron, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Byron, IL (61010)?
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Market Analysis: 61010 Byron
Not every below-median market is a bargain. Byron's 61010 ZIP shows signals that favor experienced operators who can absorb the risk $279K pricing implies.
In practical terms, the numbers look inviting — $279K purchase price, 0.0% nominal cap — the work to hit that pro forma in 61010 is substantial and deserves full respect.
ZIP 61010's metrics run below Ogle County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 61010 ZIP's population of 7,494 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategy in 61010 is an operator game, not a passive one. From an investor standpoint, entry prices of $279K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Byron:
Property Strategy for 61010
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,901 | $1,240 | 5.2% | — | $86,451 |
| 3BR | $256,814 | $1,510 | 4.2% | +7.4% | $85,605 |
| 4BR | $313,529 | $1,780 | 4.1% | +7.3% | $78,382 |
Market Trends
Home Value History (with trend line)
📊 How Does 61010 Compare?
| Metric | 61010 | Byron | Rochelle, IL | Illinois |
|---|---|---|---|---|
| Home Value | $278,974 | $278,974 | N/A | $279,761 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.6% |
| Avg Rent | $1,116 | $1,116 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 61010 (Byron, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $278,974 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.1%). 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 61010
Population: 7,494
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 61010
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
Frequently Asked Questions
How strong is Byron, IL for real estate investors?
Byron, IL scores 3.0/5 for investability. Home values sit at $279K and rents near $1,116/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What do rentals go for in Byron, IL?
Rental rates in Byron, IL average $1,116/mo. Tenant demand and $279K home values make the yield look reasonable by investor standards.
What approach is best for Byron, IL real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Byron, IL. The numbers - $279K homes against $1,116/mo rents - support that play.
What is the rental occupancy rate in Byron, IL?
Occupancy in Byron, IL runs reliable with elevated vacancy. Well-priced units at $1,116/mo lease on reasonable timelines.
Are eviction rules reasonable in Byron, IL?
For rental operators, Byron, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 61010 now. You don’t know where it ranks.
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How 61010 ranks in Rochelle, IL
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