Real Estate Investing in Machesney Park, Illinois (61115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61115 (Machesney Park, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
No major risk flags on the data we track.
What’s happening in Machesney Park, IL (61115)?
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Market Analysis: 61115 Machesney Park
ZIP 61115 inside Winnebago County looks affordable on the surface — median value of $211K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 61115 is durable only for operators who understand what they are buying. A $211K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Put differently, 61115 offers a low basis, the region around Machesney Park has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 61115 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
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 Machesney Park:
Property Strategy for 61115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $128,313 | $1,350 | 7.6% | +10.9% | $64,156 |
| 3BR | $201,037 | $1,790 | 6.4% | +10.2% | $67,012 |
| 4BR | $269,775 | $1,830 | 4.9% | +9.9% | $67,444 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 61115 Compare?
| Metric | 61115 | Machesney Park | Rockford, IL | Illinois |
|---|---|---|---|---|
| Home Value | $211,232 | $211,232 | N/A | $279,761 |
| 5-Year CAGR | 9.1% | 9.1% | N/A | 6.6% |
| Avg Rent | $1,469 | $1,469 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
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 61115 (Machesney Park, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,232 |
| Monthly Rent | $1,469 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.4% |
| 5-Year IRR | 14.5% |
📈 Home Appreciation
| 1-Year | +12.3% ▲ |
| 3-Year CAGR | +9.7% ▲ |
| 5-Year CAGR | +9.1% ▲ |
| 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 (5.4%). 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 61115
Population: 22,424
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 61115
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Harlem Middle School
Loves Park Elem School
Rock Cut Elem School
Windsor Elem School
Maple Elem School
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
Investor Insight: With 3,649 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Machesney Park in IL worth investing in?
With a 3.0/5 investability score, Machesney Park, IL ranks as a solid market for rental property investors. Median prices of $211K and rents of $1,469/mo drive the underlying numbers.
Is IL a landlord-friendly state?
For rental operators, Machesney Park, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are rents high in Machesney Park, IL?
The typical rental in Machesney Park, IL commands about $1,469/mo monthly. That rent profile measured cash flow against the $211K purchase basis.
Are there empty rentals in Machesney Park, IL?
Rental vacancy in Machesney Park, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Is it easy to find good tenants in Machesney Park, IL?
Machesney Park, IL draws a consistent base of working renters. Demand at the $1,469/mo rent level is reasonable for standard single-family and small multi rentals.
You know 61115 now. You don’t know where it ranks.
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How 61115 ranks in Rockford, IL
Every ZIP in this metro, ranked. Free.
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