Real Estate Investing in Coal Valley, Illinois (61240)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61240 (Coal Valley, 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 Coal Valley, IL (61240)?
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Market Analysis: 61240 Coal Valley
This part of Rock Island County is not an easy win. The 61240 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From an investor standpoint, the numbers look inviting — $280K purchase price, 0.0% nominal cap — the work to hit that pro forma in 61240 is substantial and deserves full respect.
The gap between 61240 and stronger Coal Valley ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 61240 includes headwinds that any investor should price in. Income distribution skews lower than Coal Valley averages, and tenant stability requires active management.
New investors are better served looking at Coal Valley's stable or hybrid ZIPs before stepping into 61240. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Coal Valley:
Property Strategy for 61240
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $257,009 | $2,240 | 6.3% | +5.7% | $85,670 |
| 4BR | $337,371 | $2,720 | 5.8% | +5.5% | $84,343 |
Market Trends
Home Value History (with trend line)
📊 How Does 61240 Compare?
| Metric | 61240 | Coal Valley | Illinois |
|---|---|---|---|
| Home Value | $280,144 | $280,144 | $279,761 |
| 5-Year CAGR | 5.3% | 5.3% | 6.6% |
| Avg Rent | $1,539 | $1,539 | - |
| Cap Rate | 4.3% | 4.3% | - |
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 61240 (Coal Valley, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $280,144 |
| Monthly Rent | $1,539 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 61240
Population: 5,988
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 61240
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,196 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Coal Valley in IL worth investing in?
Our data puts Coal Valley, IL at 3.0/5 for investability. Home prices of $280K and rents around $1,539/mo create a solid backdrop for investor activity.
What is the smart move for investors in Coal Valley, IL?
Most investors in Coal Valley, 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.
Are rents high in Coal Valley, IL?
Coal Valley, IL rentals go for roughly $1,539/mo a month. That puts gross yield in solid territory relative to $280K acquisition costs.
Is Coal Valley, IL a friendly market for rental owners?
For rental operators, Coal Valley, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Do landlords face vacancy issues in Coal Valley, IL?
Expect elevated vacancy in Coal Valley, IL. Rents at $1,539/mo are absorbed by the tenant base without meaningful lag.
You know 61240 now. You don’t know where it ranks.
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How 61240 ranks in Davenport-Moline-Rock Island, IA-IL
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