Real Estate Investing in Atkinson, Illinois (61235)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61235 (Atkinson, 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 Atkinson, IL (61235)?
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Market Analysis: 61235 Atkinson
Stepping back, ZIP 61235 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $194K median. It rewards specialists, not generalists.
Rent of $1,062/mo on a $194K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61235 sits below the stated 0.0% once reality is priced in.
The gap between 61235 and stronger Atkinson ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 61235 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
leans 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 Atkinson:
Market Trends
Home Value History (with trend line)
📊 How Does 61235 Compare?
| Metric | 61235 | Atkinson | Illinois |
|---|---|---|---|
| Home Value | $194,003 | $194,003 | $279,761 |
| 5-Year CAGR | 6.2% | 6.2% | 6.6% |
| Avg Rent | $1,062 | $1,062 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61235 (Atkinson, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,003 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +15.7% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (4.3%). 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 61235
Population: 1,329
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 61235
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 qualified is the tenant pool in Atkinson, IL?
The tenant pool in Atkinson, IL is solid, supported by local employment and population fundamentals. Rents of $1,062/mo are well-absorbed by the market.
How does Atkinson, IL stack up for property investment?
Atkinson, IL stands at an investability rating of 3.0/5, with median home values near $194K and average rents around $1,062/mo. That combination puts it in the healthy tier for investor interest.
Is rental property easy to operate in Atkinson, IL?
The landlord environment in Atkinson, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much rent can I charge in Atkinson, IL?
Rents in Atkinson, IL run near $1,062/mo. Compared with median home prices of $194K that produces solid gross yields for typical rentals.
What is the median home value in Atkinson, IL?
Typical homes in Atkinson, IL go for around $194K. The 5-year CAGR of 0.0% predictable price movement.
You know 61235 now. You don’t know where it ranks.
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