Real Estate Investing in Wyanet, Illinois (61379)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61379 (Wyanet, 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.
- High vacancy: 13.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wyanet, IL (61379)?
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Market Analysis: 61379 Wyanet
Not every below-median market is a bargain. Wyanet's 61379 ZIP posts signals that favor experienced operators who can absorb the risk $143K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 61379 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IL, ZIP 61379 trails on several market indicators that neighboring Bureau County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 61379 includes headwinds that any investor should price in. Income distribution skews lower than Wyanet averages, and tenant stability requires active management.
The 61379 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 Wyanet:
Market Trends
Home Value History (with trend line)
📊 How Does 61379 Compare?
| Metric | 61379 | Wyanet | Ottawa, IL | Illinois |
|---|---|---|---|---|
| Home Value | $143,169 | $143,169 | N/A | $279,761 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61379 (Wyanet, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $143,169 |
| Monthly Rent | $891 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +14.7% ▲ |
| 3-Year CAGR | +9.2% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.9%). 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 61379
Population: 1,273
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 61379
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.
Frequently Asked Questions
What is the median home value in Wyanet, IL?
The median home value in Wyanet, IL is roughly $143K. That puts it reasonable relative to the IL statewide average.
What kind of vacancy should I budget for in Wyanet, IL?
Wyanet, IL carries elevated vacancy risk. Expect measured absorption at market rents of $891/mo.
How qualified is the tenant pool in Wyanet, IL?
Tenant quality in Wyanet, IL ranks as solid. Landlords generally report even-keeled occupancy at market rents of $891/mo.
Is IL a landlord-friendly state?
Wyanet, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Wyanet, IL a good place for real estate investing?
Wyanet, IL rates 3.0/5 for investability. With median values at $143K and rents near $891/mo, the market offers reasonable fundamentals for rental investors.
You know 61379 now. You don’t know where it ranks.
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How 61379 ranks in Ottawa, IL
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