Real Estate Investing in Cambridge, Illinois (61238)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61238 (Cambridge, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
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 Cambridge, IL (61238)?
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Market Analysis: 61238 Cambridge
This part of Henry is not an easy win. The 61238 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 61238 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 61238 and stronger Cambridge ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 61238 includes headwinds that any investor should price in. Income distribution skews lower than Cambridge averages, and tenant stability requires active management.
New investors are better served looking at Cambridge's stable or hybrid ZIPs before stepping into 61238. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cambridge:
Market Trends
Home Value History (with trend line)
📊 How Does 61238 Compare?
| Metric | 61238 | Cambridge | Illinois |
|---|---|---|---|
| Home Value | $167,179 | $167,179 | $279,761 |
| 5-Year CAGR | 4.4% | 4.4% | 6.6% |
| Avg Rent | $1,125 | $1,125 | - |
| Cap Rate | 5.3% | 5.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61238 (Cambridge, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $167,179 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 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 (5.3%). 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 61238
Population: 2,705
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 61238
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
What do landlords charge for rent in Cambridge, IL?
Expect rents around $1,125/mo per month in Cambridge, IL. With home values at $167K, the yield math works out to reasonable levels for rental investors.
Is rental property easy to operate in Cambridge, IL?
The landlord environment in Cambridge, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much should I expect to pay for a home in Cambridge, IL?
Typical homes in Cambridge, IL go for around $167K. The 5-year CAGR of 0.0% predictable price movement.
How should investors approach Cambridge, IL?
Most investors in Cambridge, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the renter demographic in Cambridge, IL?
Tenant quality in Cambridge, IL ranks as solid. Landlords generally report stable occupancy at market rents of $1,125/mo.
You know 61238 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61238 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.
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