Real Estate Investing in Andalusia, Illinois (61232)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61232 (Andalusia, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Andalusia, IL (61232)?
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Market Analysis: 61232 Andalusia
Not every below-median market is a bargain. Andalusia's 61232 ZIP stands at signals that favor experienced operators who can absorb the risk $213K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $213K asset, 61232 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 61232 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 61232 includes headwinds that any investor should price in. Income distribution skews lower than Andalusia averages, and tenant stability requires active management.
Strategy in 61232 is an operator game, not a passive one. Put differently, entry prices of $213K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Andalusia:
Market Trends
Home Value History (with trend line)
📊 How Does 61232 Compare?
| Metric | 61232 | Andalusia | Illinois |
|---|---|---|---|
| Home Value | $213,351 | $213,351 | $279,761 |
| 5-Year CAGR | 4.4% | 4.4% | 6.6% |
| Avg Rent | $936 | $936 | - |
| 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 61232 (Andalusia, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,351 |
| Monthly Rent | $936 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 61232
Population: 1,498
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 61232
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Buffalo Elementary School
Rockridge High School
Rockridge Jr High School
Taylor Ridge 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 1,931 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the best play in Andalusia, IL?
For Andalusia, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are rental rates like in Andalusia, IL?
Average rent in Andalusia, IL is approximately $936/mo per month. Against $213K home values that yields a reasonable rent-to-price ratio.
What is the renter demographic in Andalusia, IL?
Tenant quality in Andalusia, IL ranks as solid. Landlords generally report reliable occupancy at market rents of $936/mo.
Is housing expensive in Andalusia, IL?
Andalusia, IL home values average about $213K. That price point suits investors targeting rentals with $936/mo in monthly income.
Should investors worry about vacancy in Andalusia, IL?
Andalusia, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
You know 61232 now. You don’t know where it ranks.
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How 61232 ranks in Davenport-Moline-Rock Island, IA-IL
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