Real Estate Investing in Mount Morris, Illinois (61054)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61054 (Mount Morris, 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 Mount Morris, IL (61054)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61054 Mount Morris
ZIP 61054 in Mount Morris, IL carries a solid set of headwinds. Home values near $156K and rents of $1,008/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 61054 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 61054 and stronger Mount Morris ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A robust renter share of 34% in 61054 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. resilient returns are possible in 61054, 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 Mount Morris:
Property Strategy for 61054
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $118,717 | $1,120 | 6.8% | +8.6% | $59,359 |
| 3BR | $160,201 | $1,370 | 6.2% | +8.3% | $53,400 |
Market Trends
Home Value History (with trend line)
📊 How Does 61054 Compare?
| Metric | 61054 | Mount Morris | Rochelle, IL | Illinois |
|---|---|---|---|---|
| Home Value | $155,789 | $155,789 | N/A | $279,761 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
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 61054 (Mount Morris, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 61054 (Mount Morris, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $155,789 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (5.1%). 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 61054
Population: 3,617
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
What are home prices like in Mount Morris, IL?
Median home price in Mount Morris, IL is near $156K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What investment strategy works best in Mount Morris, IL?
In Mount Morris, IL the durable play is typically careful cash-flow rentals with hands-on management. The combination of $156K prices and $1,008/mo rents suits that approach.
What is the typical renter like in Mount Morris, IL?
Tenant quality in Mount Morris, IL ranks as solid. Landlords generally report predictable occupancy at market rents of $1,008/mo.
Is Mount Morris, IL a good market for FHA house hackers?
Mount Morris, IL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $156K price point reasonable to enter.
Where do rents currently stand in Mount Morris, IL?
Investors in Mount Morris, IL typically see rents near $1,008/mo per month against $156K home values - a solid setup for rental cash flow.
You know 61054 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61054 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.
How 61054 ranks in Rochelle, IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 61054 (Mount Morris)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 61054 (Mount Morris, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.