Real Estate Investing in Savanna, Illinois (61074)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61074 (Savanna, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 16.0% 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 Savanna, IL (61074)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61074 Savanna
ZIP 61074 inside Carroll County looks affordable on the surface — median value of $97K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $873/mo on a $97K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61074 sits below the stated 0.0% once reality is priced in.
Regionally, 61074 sits on the difficult end of the IL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 61074 includes headwinds that any investor should price in. Income distribution skews lower than Savanna averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 61074 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Savanna:
Property Strategy for 61074
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $66,057 | $970 | 10.6% | +8.7% | $33,028 |
| 3BR | $102,098 | $1,280 | 9.0% | +9.7% | $34,033 |
| 4BR | $99,304 | $1,540 | 11.2% | +8.6% | $24,826 |
Market Trends
Home Value History (with trend line)
📊 How Does 61074 Compare?
| Metric | 61074 | Savanna | Illinois |
|---|---|---|---|
| Home Value | $96,929 | $96,929 | $279,761 |
| 5-Year CAGR | 8.4% | 8.4% | 6.6% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 7.0% | 7.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61074 (Savanna, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $96,929 |
| Monthly Rent | $873 |
| Price-to-Rent | 9.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.8% |
| Cap Rate | 7.0% |
| 5-Year IRR | 15.4% |
📈 Home Appreciation
| 1-Year | +17.3% ▲ |
| 3-Year CAGR | +10.3% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.0%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 61074
Population: 4,009
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 61074
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 Savanna in IL worth investing in?
Savanna, IL scores 4.0/5 for investability. Home values sit at $97K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is IL a landlord-friendly state?
IL ranks as a landlord-friendly state for landlord-tenant law. Savanna generally follows the statewide framework, so landlords face reasonable operating rules.
What do landlords charge for rent in Savanna, IL?
The typical rental in Savanna, IL commands about $873/mo monthly. That rent profile even-keeled cash flow against the $97K purchase basis.
Which investment style suits Savanna, IL?
In Savanna, IL the robust play is typically careful cash-flow rentals with hands-on management. The combination of $97K prices and $873/mo rents suits that approach.
Are there empty rentals in Savanna, IL?
Savanna, IL carries elevated vacancy risk. Expect steady absorption at market rents of $873/mo.
You know 61074 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61074 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.
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