Real Estate Investing in Winslow, Illinois (61089)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61089 (Winslow, 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.
- High vacancy: 17.7% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Winslow, IL (61089)?
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Market Analysis: 61089 Winslow
The 61089 ZIP covers a section of Winslow that demands careful diligence. Prices near $194K look accessible, but the work to make a deal cash flow is real.
The investment case in 61089 is notable only for operators who understand what they are buying. A $194K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 61089's metrics run below Stephenson's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 61089 ZIP's population of 593 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. sturdy returns are possible in 61089, 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 Winslow:
Market Trends
Home Value History (with trend line)
📊 How Does 61089 Compare?
| Metric | 61089 | Winslow | Illinois |
|---|---|---|---|
| Home Value | $194,229 | $194,229 | $279,761 |
| 5-Year CAGR | 9.7% | 9.7% | 6.6% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61089 (Winslow, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,229 |
| Monthly Rent | $882 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.5% |
| 5-Year IRR | 13.2% |
📈 Home Appreciation
| 1-Year | +14.7% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +9.7% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.5%). 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 61089
Population: 593
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 landlord-tenant laws work in Winslow, IL?
IL law landlord-friendly for landlords, and Winslow inherits those rules. Investors should still review local ordinances for rental licensing.
Are renters plentiful in Winslow, IL?
Working renters make up the core of the Winslow, IL tenant base. The pool is reasonable for investors targeting long-term holds.
How strong is Winslow, IL for real estate investors?
Winslow, IL rates 3.0/5 for investability. With median values at $194K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
What does house hacking look like in Winslow, IL?
For house hackers, Winslow, IL is a challenging. The $882/mo rent on a unit helps defray the mortgage on a $194K property.
Is housing expensive in Winslow, IL?
Winslow, IL median home values land near $194K. That is reasonable territory for investors looking at $882/mo-per-month rentals.
You know 61089 now. You don’t know where it ranks.
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