Real Estate Investing in Lynn Center, Illinois (61262)
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Should you buy in 61262 (Lynn Center, 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 price-to-rent: Price-to-rent ratio 26.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lynn Center, IL (61262)?
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Market Analysis: 61262 Lynn Center
Investors eyeing 61262 need to respect the fundamentals at play. Home values of $280K come alongside slower price movement and elevated management overhead.
The investment case in 61262 is impressive only for operators who understand what they are buying. A $280K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 61262 sits on the difficult end of the IL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 61262 ZIP's population of 1,140 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The right play in 61262 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lynn Center:
Market Trends
Home Value History (with trend line)
📊 How Does 61262 Compare?
| Metric | 61262 | Lynn Center | Illinois |
|---|---|---|---|
| Home Value | $280,189 | $280,189 | $279,761 |
| 5-Year CAGR | 3.5% | 3.5% | 6.6% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61262 (Lynn Center, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $280,189 |
| Monthly Rent | $882 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 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 (2.5%). 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 61262
Population: 1,140
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Lynn Center, IL a good market for FHA house hackers?
Lynn Center, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $882/mo rent level.
Is real estate in Lynn Center, IL a good investment right now?
Lynn Center, IL scores 3.0/5 for investability. Home values sit at $280K and rents near $882/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the average home sale price in Lynn Center, IL?
Typical homes in Lynn Center, IL go for around $280K. The 5-year CAGR of 0.0% stable price movement.
What do landlords charge for rent in Lynn Center, IL?
Rent in Lynn Center, IL is around $882/mo. The resulting rent-to-value relationship with $280K pricing is reasonable for most investor models.
Are tenants stable in Lynn Center, IL?
Working renters make up the core of the Lynn Center, IL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 61262 now. You don’t know where it ranks.
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How 61262 ranks in Davenport-Moline-Rock Island, IA-IL
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