Real Estate Investing in Blackstone, Illinois (61313)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61313 (Blackstone, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 13.9% of homes vacant — above national norms.
• 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 Blackstone, IL (61313)?
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Market Analysis: 61313 Blackstone
Investors eyeing 61313 need to respect the fundamentals at play. Home values of $274K come alongside slower price movement and elevated management overhead.
For an experienced owner, 61313 can be a a strong candidate for hunting ground — but the discount at $274K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 61313 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 61313 ZIP's population of 292 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The right play in 61313 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Blackstone:
Market Trends
Home Value History (with trend line)
📊 How Does 61313 Compare?
| Metric | 61313 | Blackstone | Pontiac, IL | Illinois |
|---|---|---|---|---|
| Home Value | $273,610 | $273,610 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61313 (Blackstone, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,610 |
| Monthly Rent | $936 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (2.7%). 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 61313
Population: 292
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 is the typical vacancy rate in Blackstone, IL?
Blackstone, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Where do rents currently stand in Blackstone, IL?
The typical rental in Blackstone, IL commands about $936/mo monthly. That rent profile steady cash flow against the $274K purchase basis.
What is the typical renter like in Blackstone, IL?
Tenant quality in Blackstone, IL ranks as solid. Landlords generally report predictable occupancy at market rents of $936/mo.
Can owner-occupants cash flow in Blackstone, IL?
Blackstone, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $936/mo rent level.
How does Blackstone, IL rate as a rental market?
Blackstone, IL scores 2.0/5 for investability. Home values sit at $274K and rents near $936/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 61313 now. You don’t know where it ranks.
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How 61313 ranks in Pontiac, IL
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