Real Estate Investing in Leaf River, Illinois (61047)
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Should you buy in 61047 (Leaf River, 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 Leaf River, IL (61047)?
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Market Analysis: 61047 Leaf River
On the rental side, ZIP 61047 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $238K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 61047 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 61047 and stronger Leaf River ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 61047 ZIP's population of 1,728 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Leaf River:
Market Trends
Home Value History (with trend line)
📊 How Does 61047 Compare?
| Metric | 61047 | Leaf River | Illinois |
|---|---|---|---|
| Home Value | $237,549 | $237,549 | $279,761 |
| 5-Year CAGR | 6.6% | 6.6% | 6.6% |
| Avg Rent | $1,224 | $1,224 | - |
| Cap Rate | 4.0% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61047 (Leaf River, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $237,549 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (4.0%). 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 61047
Population: 1,728
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
Are homes affordable in Leaf River, IL?
Leaf River, IL home values average about $238K. That price point suits investors targeting rentals with $1,224/mo in monthly income.
Are tenants stable in Leaf River, IL?
Leaf River, IL draws a predictable base of working renters. Demand at the $1,224/mo rent level is reasonable for standard single-family and small multi rentals.
What are vacancy rates like in Leaf River, IL?
Vacancy in Leaf River, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,224/mo.
Is Leaf River, IL suited for a house hack?
The a challenging house-hack environment in Leaf River, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How strict are landlord regulations in Leaf River, IL?
Rental owners in Leaf River, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 61047 now. You don’t know where it ranks.
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