Real Estate Investing in East Moline, Illinois (61244)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61244 (East Moline, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
What’s happening in East Moline, IL (61244)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61244 East Moline
Not every below-median market is a bargain. East Moline's 61244 ZIP reports signals that favor experienced operators who can absorb the risk $154K pricing implies.
Turning to rents, the numbers look inviting — $154K purchase price, 0.0% nominal cap — the work to hit that pro forma in 61244 is substantial and deserves full respect.
The gap between 61244 and stronger East Moline ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 61244 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 61244 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in East Moline:
Property Strategy for 61244
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $117,698 | $1,030 | 6.3% | +5.0% | $58,849 |
| 3BR | $165,711 | $1,350 | 5.9% | +5.8% | $55,237 |
| 4BR | $214,276 | $1,640 | 5.5% | +5.5% | $53,569 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 61244 Compare?
| Metric | 61244 | East Moline | Illinois |
|---|---|---|---|
| Home Value | $153,930 | $153,930 | $279,761 |
| 5-Year CAGR | 4.5% | 4.5% | 6.6% |
| Avg Rent | $1,009 | $1,009 | - |
| Cap Rate | 5.1% | 5.1% | - |
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 61244 (East Moline, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,930 |
| Monthly Rent | $1,009 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 (5.1%). 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 61244
Population: 23,288
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 61244
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
What is the median home value in East Moline, IL?
Median home price in East Moline, IL is near $154K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Does house hacking make sense in East Moline, IL?
House hacking in East Moline, IL is a challenging. With home values around $154K and rents at $1,009/mo, owner-occupants can offset a meaningful share of PITI.
What is the renter demographic in East Moline, IL?
Expect a solid tenant pool in East Moline, IL. The rental market absorbs $1,009/mo rents without meaningful friction.
Are rents high in East Moline, IL?
Investors in East Moline, IL typically see rents near $1,009/mo per month against $154K home values - a solid setup for rental cash flow.
Is real estate in East Moline, IL a good investment right now?
East Moline, IL comes in at an investability rating of 3.0/5, with median home values near $154K and average rents around $1,009/mo. That combination puts it in the significant tier for investor interest.
You know 61244 now. You don’t know where it ranks.
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How 61244 ranks in Davenport-Moline-Rock Island, IA-IL
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