Real Estate Investing in Aledo, Illinois (61231)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61231 (Aledo, 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.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
What’s happening in Aledo, IL (61231)?
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Market Analysis: 61231 Aledo
ZIP 61231 inside Mercer County looks affordable on the surface — median value of $174K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $750/mo on a $174K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61231 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Aledo have seen price recovery that 61231 has not matched. Mercer County data supports the view that the spread is structural rather than temporary.
A sturdy renter share of 37% in 61231 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. notable returns are possible in 61231, 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 Aledo:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 61231 Compare?
| Metric | 61231 | Aledo | Illinois |
|---|---|---|---|
| Home Value | $174,287 | $174,287 | $279,761 |
| 5-Year CAGR | 3.3% | 3.3% | 6.6% |
| Avg Rent | $750 | $750 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61231 (Aledo, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $174,287 |
| Monthly Rent | $750 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +2.6% ▲ |
🏠 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 (3.4%). 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 61231
Population: 4,958
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 61231
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
How much should I expect to pay for a home in Aledo, IL?
Expect median prices around $174K in Aledo, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Are renters plentiful in Aledo, IL?
Aledo, IL draws a consistent base of working renters. Demand at the $750/mo rent level is reasonable for standard single-family and small multi rentals.
How much do tenants pay in Aledo, IL?
Expect rents around $750/mo per month in Aledo, IL. With home values at $174K, the yield math works out to reasonable levels for rental investors.
What strategy should investors use in Aledo, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Aledo, IL. With home values at $174K and rents near $750/mo, other strategies can work but produce steady rather than outsized returns.
What is the typical vacancy rate in Aledo, IL?
Aledo, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 61231 now. You don’t know where it ranks.
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How 61231 ranks in Davenport-Moline-Rock Island, IA-IL
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