Real Estate Investing in Orangeville, Illinois (61060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61060 (Orangeville, 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: 18.1% of homes vacant — above national norms.
- Higher unemployment: 7.0% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Orangeville, IL (61060)?
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Market Analysis: 61060 Orangeville
Meanwhile, ZIP 61060 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $214K median. It rewards specialists, not generalists.
Rent of $828/mo on a $214K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61060 sits below the stated 0.0% once reality is priced in.
In the broader IL picture, 61060 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 61060 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears to 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 Orangeville:
Market Trends
Home Value History (with trend line)
📊 How Does 61060 Compare?
| Metric | 61060 | Orangeville | Freeport, IL | Illinois |
|---|---|---|---|---|
| Home Value | $213,617 | $213,617 | N/A | $279,761 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61060 (Orangeville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,617 |
| Monthly Rent | $828 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +14.1% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 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 (3.0%). 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 61060
Population: 1,467
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 61060
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
What kind of vacancy should I budget for in Orangeville, IL?
Orangeville, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strict are landlord regulations in Orangeville, IL?
Orangeville, IL operates under IL law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Where do home prices stand in Orangeville, IL?
Orangeville, IL median home values land near $214K. That is reasonable territory for investors looking at $828/mo-per-month rentals.
Is Orangeville, IL suited for a house hack?
For house hackers, Orangeville, IL is a challenging. The $828/mo rent on a unit helps defray the mortgage on a $214K property.
What is the tenant pool like in Orangeville, IL?
The tenant pool in Orangeville, IL is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.
You know 61060 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61060 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 61060 ranks in Freeport, IL
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