Real Estate Investing in Cornell, Illinois (61319)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61319 (Cornell, 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 Cornell, IL (61319)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61319 Cornell
On the rental side, ZIP 61319 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $184K median. It rewards specialists, not generalists.
Rent of $882/mo on a $184K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61319 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Cornell have seen price recovery that 61319 has not matched. Livingston County data supports the view that the spread is structural rather than temporary.
The demographic picture in 61319 includes headwinds that any investor should price in. Income distribution skews lower than Cornell averages, and tenant stability requires active management.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Cornell:
Property Strategy for 61319
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $126,966 | $980 | 5.6% | — | $63,483 |
| 3BR | $183,825 | $1,220 | 4.8% | +9.0% | $61,275 |
Market Trends
Home Value History (with trend line)
📊 How Does 61319 Compare?
| Metric | 61319 | Cornell | Pontiac, IL | Illinois |
|---|---|---|---|---|
| Home Value | $183,772 | $183,772 | N/A | $279,761 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 6.6% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 61319 (Cornell, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $183,772 |
| Monthly Rent | $882 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.7% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +16.6% ▲ |
| 3-Year CAGR | +10.3% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (3.7%). 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 61319
Population: 1,188
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 61319
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
Is the tenant base reliable in Cornell, IL?
Tenant demand in Cornell, IL is solid. The local workforce $882/mo rents across most rental classes.
What kind of market is Cornell, IL for investors?
Investors tracking Cornell, IL will find a 3.0/5 rating supported by $184K median home values and $882/mo rents. That profile suits long-term holders targeting stable returns.
How expensive is real estate in Cornell, IL?
The median home value in Cornell, IL is roughly $184K. That puts it reasonable relative to the IL statewide average.
How do landlord-tenant laws work in Cornell, IL?
IL law landlord-friendly for landlords, and Cornell inherits those rules. Investors should still review local ordinances for rental licensing.
Is Cornell, IL good for house hacking?
The house hack math a challenging in Cornell, IL. Owner-occupant buyers benefit from the $882/mo rents and $184K home values.
You know 61319 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61319 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 61319 ranks in Pontiac, IL
Every ZIP in this metro, ranked. Free.
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