Real Estate Investing in Oregon, Illinois (61061)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61061 (Oregon, 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: 12.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oregon, IL (61061)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61061 Oregon
The 61061 ZIP covers a section of Oregon that demands careful diligence. Prices near $234K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $234K purchase price, 0.0% nominal cap — the work to hit that pro forma in 61061 is substantial and deserves full respect.
ZIP 61061'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.
Employment concentration in 61061 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. substantial returns are possible in 61061, 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 Oregon:
Property Strategy for 61061
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,277 | $1,030 | 4.8% | +9.6% | $77,139 |
| 3BR | $220,732 | $1,260 | 4.1% | +8.9% | $73,577 |
| 4BR | $302,800 | $1,480 | 3.5% | +8.7% | $75,700 |
Market Trends
Home Value History (with trend line)
📊 How Does 61061 Compare?
| Metric | 61061 | Oregon | Rochelle, IL | Illinois |
|---|---|---|---|---|
| Home Value | $234,468 | $234,468 | N/A | $279,761 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.6% |
| Avg Rent | $927 | $927 | 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 61061 (Oregon, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 61061 (Oregon, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $234,468 |
| Monthly Rent | $927 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 61061
Population: 6,802
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 61061
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.
Frequently Asked Questions
Is Oregon, IL a smart market for rental property?
With a 3.0/5 investability score, Oregon, IL ranks as a solid market for rental property investors. Median prices of $234K and rents of $927/mo drive the underlying numbers.
Where do rents currently stand in Oregon, IL?
Investors in Oregon, IL typically see rents near $927/mo per month against $234K home values - a solid setup for rental cash flow.
Do rentals sit vacant long in Oregon, IL?
Rental vacancy in Oregon, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Which real estate strategy fits Oregon, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Oregon, IL. The numbers - $234K homes against $927/mo rents - support that play.
What is the typical home price in Oregon, IL?
Homes in Oregon, IL typically sell near $234K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
You know 61061 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61061 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 61061 ranks in Rochelle, IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 61061 (Oregon)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 61061 (Oregon, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.