Real Estate Investing in Cordova, Illinois (61242)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61242 (Cordova, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 Cordova, IL (61242)?
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Market Analysis: 61242 Cordova
Looking more closely, ZIP 61242 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $239K median. It rewards specialists, not generalists.
For an experienced owner, 61242 can be a a solid fit for hunting ground — but the discount at $239K reflects genuine risk that outside investors often underestimate.
Looking more closely, 61242 offers a low basis, the region around Cordova has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 61242 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
looks to 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 Cordova:
Market Trends
Home Value History (with trend line)
📊 How Does 61242 Compare?
| Metric | 61242 | Cordova | Illinois |
|---|---|---|---|
| Home Value | $239,405 | $239,405 | $279,761 |
| 5-Year CAGR | 4.0% | 4.0% | 6.6% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61242 (Cordova, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $239,405 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (3.4%). 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 61242
Population: 1,135
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
Frequently Asked Questions
What do rentals go for in Cordova, IL?
Rental rates in Cordova, IL average $1,053/mo. Tenant demand and $239K home values make the yield look reasonable by investor standards.
What does house hacking look like in Cordova, IL?
The a challenging house-hack environment in Cordova, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Cordova, IL a smart market for rental property?
With a 3.0/5 investability score, Cordova, IL ranks as a solid market for rental property investors. Median prices of $239K and rents of $1,053/mo drive the underlying numbers.
Which investment style suits Cordova, IL?
A careful cash-flow rentals with hands-on management strategy Cordova, IL best. The market produces predictable results for that approach at the $239K price point.
How tight is the rental market in Cordova, IL?
Vacancy risk in Cordova, IL is elevated. That supports consistent cash flow for typical rental holds.
You know 61242 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61242 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 61242 ranks in Davenport-Moline-Rock Island, IA-IL
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