Real Estate Investing in Erie, Illinois (61250)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61250 (Erie, 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 Erie, IL (61250)?
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Market Analysis: 61250 Erie
The 61250 ZIP covers a section of Erie that demands careful diligence. Prices near $181K look accessible, but the work to make a deal cash flow is real.
The investment case in 61250 is significant only for operators who understand what they are buying. A $181K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader IL picture, 61250 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 61250 ZIP's population of 2,843 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Distressed ZIPs reward experience. significant returns are possible in 61250, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Erie:
Property Strategy for 61250
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,101 | $930 | 4.7% | — | $71,051 |
| 3BR | $189,238 | $1,210 | 4.6% | — | $63,079 |
Market Trends
Home Value History (with trend line)
📊 How Does 61250 Compare?
| Metric | 61250 | Erie | Sterling, IL | Illinois |
|---|---|---|---|---|
| Home Value | $180,625 | $180,625 | N/A | $279,761 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.6% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 61250 (Erie, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $180,625 |
| Monthly Rent | $837 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (3.6%). 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 61250
Population: 2,843
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 61250
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
Frequently Asked Questions
How quickly do rentals get leased in Erie, IL?
Vacancy risk in Erie, IL is elevated. That supports even-keeled cash flow for typical rental holds.
Is rental property easy to operate in Erie, IL?
The landlord environment in Erie, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the average home sale price in Erie, IL?
Typical homes in Erie, IL go for around $181K. The 5-year CAGR of 0.0% even-keeled price movement.
What are rental rates like in Erie, IL?
Rental rates in Erie, IL average $837/mo. Tenant demand and $181K home values make the yield look reasonable by investor standards.
Can I house hack in Erie, IL?
Erie, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $837/mo rent level.
You know 61250 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61250 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 61250 ranks in Sterling, IL
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