Real Estate Investing in Ohio, Illinois (61349)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61349 (Ohio, 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: 15.4% of homes vacant — above national norms.
- Higher unemployment: 7.1% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ohio, IL (61349)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61349 Ohio
The 61349 ZIP covers a section of Ohio that demands careful diligence. Prices near $157K look accessible, but the work to make a deal cash flow is real.
Meanwhile, the numbers look inviting — $157K purchase price, 0.0% nominal cap — the work to hit that pro forma in 61349 is substantial and deserves full respect.
ZIP 61349's metrics run below Bureau County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 61349 includes headwinds that any investor should price in. Income distribution skews lower than Ohio averages, and tenant stability requires active management.
Distressed ZIPs reward experience. substantial returns are possible in 61349, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Ohio:
Market Trends
Home Value History (with trend line)
📊 How Does 61349 Compare?
| Metric | 61349 | Ohio | Ottawa, IL | Illinois |
|---|---|---|---|---|
| Home Value | $157,477 | $157,477 | N/A | $279,761 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61349 (Ohio, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $157,477 |
| Monthly Rent | $828 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +16.1% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.1%). 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 61349
Population: 1,039
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 61349
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 Ohio, IL?
For Ohio, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical vacancy rate in Ohio, IL?
Ohio, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How landlord-friendly is Ohio, IL?
The landlord environment in Ohio, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does house hacking work in Ohio, IL?
House hacking in Ohio, IL is reasonable to execute. Prices around $157K and rents of $828/mo solid owner-occupant economics.
What monthly rent should investors expect in Ohio, IL?
Rental rates in Ohio, IL average $828/mo. Tenant demand and $157K home values make the yield look reasonable by investor standards.
You know 61349 now. You don’t know where it ranks.
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How 61349 ranks in Ottawa, IL
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