Real Estate Investing in Walnut, Illinois (61376)
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Should you buy in 61376 (Walnut, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 22.1% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Walnut, IL (61376)?
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Market Analysis: 61376 Walnut
This part of Bureau County is not an easy win. The 61376 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 61376 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Walnut have seen price recovery that 61376 has not matched. Bureau County data supports the view that the spread is structural rather than temporary.
Resident income in 61376 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Walnut's stable or hybrid ZIPs before stepping into 61376. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Walnut:
Market Trends
Home Value History (with trend line)
📊 How Does 61376 Compare?
| Metric | 61376 | Walnut | Ottawa, IL | Illinois |
|---|---|---|---|---|
| Home Value | $154,934 | $154,934 | N/A | $279,761 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.6% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61376 (Walnut, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $154,934 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +14.1% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (5.8%). 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 61376
Population: 2,021
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 61376
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 best play in Walnut, IL?
Walnut, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($155K prices, $1,143/mo rents) make it a reasonable choice.
Are eviction rules reasonable in Walnut, IL?
For rental operators, Walnut, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What are rental rates like in Walnut, IL?
Rental rates in Walnut, IL average $1,143/mo. Tenant demand and $155K home values make the yield look reasonable by investor standards.
How strong is the working-renter base in Walnut, IL?
The renter base in Walnut, IL is reasonable for the $1,143/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
How does Walnut, IL stack up for property investment?
Walnut, IL reports an investability rating of 3.0/5, with median home values near $155K and average rents around $1,143/mo. That combination puts it in the resilient tier for investor interest.
You know 61376 now. You don’t know where it ranks.
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How 61376 ranks in Ottawa, IL
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