Real Estate Investing in Granville, Illinois (61326)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61326 (Granville, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.8% 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 Granville, IL (61326)?
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Market Analysis: 61326 Granville
Not every below-median market is a bargain. Granville's 61326 ZIP registers signals that favor experienced operators who can absorb the risk $179K pricing implies.
The investment case in 61326 is healthy only for operators who understand what they are buying. A $179K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 61326's metrics run below Putnam County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 61326 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 61326 is an operator game, not a passive one. Meanwhile, entry prices of $179K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Granville:
Market Trends
Home Value History (with trend line)
📊 How Does 61326 Compare?
| Metric | 61326 | Granville | Ottawa, IL | Illinois |
|---|---|---|---|---|
| Home Value | $179,069 | $179,069 | N/A | $279,761 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.6% |
| Avg Rent | $828 | $828 | 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 61326 (Granville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $179,069 |
| Monthly Rent | $828 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 61326
Population: 2,102
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 61326
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
Investor Insight: With 568 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Granville, IL?
Expect median prices around $179K in Granville, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Are tenants stable in Granville, IL?
Working renters make up the core of the Granville, IL tenant base. The pool is reasonable for investors targeting long-term holds.
What is the smart move for investors in Granville, IL?
Most investors in Granville, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How quickly do rentals get leased in Granville, IL?
Granville, IL carries elevated vacancy risk. Expect stable absorption at market rents of $828/mo.
Is house hacking profitable in Granville, IL?
House hacking in Granville, IL is reasonable to execute. Prices around $179K and rents of $828/mo solid owner-occupant economics.
You know 61326 now. You don’t know where it ranks.
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How 61326 ranks in Ottawa, IL
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