Real Estate Investing in Annawan, Illinois (61234)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61234 (Annawan, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Annawan, IL (61234)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61234 Annawan
The 61234 ZIP covers a section of Annawan that demands careful diligence. Prices near $183K look accessible, but the work to make a deal cash flow is real.
Rent of $837/mo on a $183K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61234 sits below the stated 0.0% once reality is priced in.
Regionally, 61234 sits on the difficult end of the IL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 61234 includes headwinds that any investor should price in. Income distribution skews lower than Annawan averages, and tenant stability requires active management.
Distressed ZIPs reward experience. sturdy returns are possible in 61234, 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 Annawan:
Market Trends
Home Value History (with trend line)
📊 How Does 61234 Compare?
| Metric | 61234 | Annawan | Illinois |
|---|---|---|---|
| Home Value | $182,984 | $182,984 | $279,761 |
| 5-Year CAGR | 6.3% | 6.3% | 6.6% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 61234 (Annawan, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 61234 (Annawan, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $182,984 |
| Monthly Rent | $837 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +14.1% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (3.6%). 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 61234
Population: 1,213
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 61234
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
Does Annawan, IL favor landlords or tenants?
Annawan, IL operates under IL law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What kind of market is Annawan, IL for investors?
Investors tracking Annawan, IL will find a 3.0/5 rating supported by $183K median home values and $837/mo rents. That profile suits long-term holders targeting even-keeled returns.
Are homes affordable in Annawan, IL?
Annawan, IL median home values land near $183K. That is reasonable territory for investors looking at $837/mo-per-month rentals.
Are rents high in Annawan, IL?
Rents in Annawan, IL run near $837/mo. Compared with median home prices of $183K that produces solid gross yields for typical rentals.
How strong is tenant demand in Annawan, IL?
Working renters make up the core of the Annawan, IL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 61234 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61234 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.
How 61234 ranks in Davenport-Moline-Rock Island, IA-IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 61234 (Annawan)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 61234 (Annawan, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.