Real Estate Investing in Reynolds, Illinois (61279)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61279 (Reynolds, 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.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Reynolds, IL (61279)?
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Market Analysis: 61279 Reynolds
The 61279 ZIP in Reynolds, IL is a local-operator market. Outside capital chasing a $212K entry has to pair deep knowledge with the discount.
Rent of $1,152/mo on a $212K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61279 sits below the stated 0.0% once reality is priced in.
Meanwhile, 61279 offers a low basis, the region around Reynolds has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 61279 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 61279 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 Reynolds:
Market Trends
Home Value History (with trend line)
📊 How Does 61279 Compare?
| Metric | 61279 | Reynolds | Illinois |
|---|---|---|---|
| Home Value | $212,116 | $212,116 | $279,761 |
| 5-Year CAGR | 3.8% | 3.8% | 6.6% |
| Avg Rent | $1,152 | $1,152 | - |
| Cap Rate | 4.2% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61279 (Reynolds, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,116 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +3.2% ▲ |
🏠 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 (4.2%). 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.
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Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 61279
Population: 960
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How deep is the rental pool in Reynolds, IL?
Expect a solid tenant pool in Reynolds, IL. The rental market absorbs $1,152/mo rents without meaningful friction.
What are vacancy rates like in Reynolds, IL?
Reynolds, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
What price range are homes in Reynolds, IL?
The median home value in Reynolds, IL is roughly $212K. That puts it reasonable relative to the IL statewide average.
Does a duplex house hack pencil in Reynolds, IL?
For house hackers, Reynolds, IL is a challenging. The $1,152/mo rent on a unit helps defray the mortgage on a $212K property.
How strict are landlord regulations in Reynolds, IL?
Reynolds, IL operates under IL law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 61279 now. You don’t know where it ranks.
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