Real Estate Investing in Kewanee, Illinois (61443)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61443 (Kewanee, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.4% 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 Kewanee, IL (61443)?
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Market Analysis: 61443 Kewanee
The 61443 ZIP records an significant value-add profile — below-median pricing at $84K, a renter base of 29%, and room for operational improvement.
Investors in 61443 do not buy the market average — they buy the unit they can improve. $84K median pricing and $945/mo comps define the envelope within which the work has to pay.
The a credible choice for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 61443 has not.
Demographically, 61443 is a working ZIP — not a luxury market. That profile is exactly what value-add operators need in order to price their renovated product correctly.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Kewanee:
Property Strategy for 61443
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $58,211 | $1,050 | 13.0% | +5.9% | $29,105 |
| 3BR | $78,836 | $1,380 | 12.6% | +4.2% | $26,279 |
| 4BR | $95,713 | $1,670 | 12.6% | +5.6% | $23,928 |
Market Trends
Home Value History (with trend line)
📊 How Does 61443 Compare?
| Metric | 61443 | Kewanee | Illinois |
|---|---|---|---|
| Home Value | $84,012 | $84,012 | $279,761 |
| 5-Year CAGR | 5.0% | 5.0% | 6.6% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 8.8% | 8.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61443 (Kewanee, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $84,012 |
| Monthly Rent | $945 |
| Price-to-Rent | 7.4:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.5% |
| Cap Rate | 8.8% |
| 5-Year IRR | 13.8% |
📈 Home Appreciation
| 1-Year | +15.4% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 61443
Population: 13,529
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 61443
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 type of investing works in Kewanee, IL?
For Kewanee, IL, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.
Are there BRRRR deals in Kewanee, IL?
Operators BRRRR-ing in Kewanee, IL report a strong results. Focus on sub-market acquisition and tight rehab budgets to capture the spread.
How much rent can I charge in Kewanee, IL?
The typical rental in Kewanee, IL commands about $945/mo monthly. That rent profile measured cash flow against the $84K purchase basis.
How do home values compare in Kewanee, IL?
Kewanee, IL home values average about $84K. That price point suits investors targeting rentals with $945/mo in monthly income.
Is Kewanee, IL suited for a house hack?
Kewanee, IL offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $945/mo rent level.
You know 61443 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61443 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 61443 ranks in Davenport-Moline-Rock Island, IA-IL
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