Real Estate Investing in Wenona, Illinois (61377)
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Should you buy in 61377 (Wenona, 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 Wenona, IL (61377)?
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Market Analysis: 61377 Wenona
ZIP 61377 in Wenona, IL carries a durable set of headwinds. Home values near $136K and rents of $828/mo sit inside a market where underwriting has to be tight.
The 61377 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
From a cash-flow lens, 61377 offers a low basis, the region around Wenona has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A sturdy renter share of 31% in 61377 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. notable returns are possible in 61377, 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 Wenona:
Market Trends
Home Value History (with trend line)
📊 How Does 61377 Compare?
| Metric | 61377 | Wenona | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $135,941 | $135,941 | N/A | $279,761 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61377 (Wenona, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $135,941 |
| Monthly Rent | $828 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (4.8%). 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 61377
Population: 1,458
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 61377
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
How does Wenona, IL rate as a rental market?
Yes - Wenona, IL a 3.0/5 investability score. With $136K home prices against $828/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the tenant pool like in Wenona, IL?
Tenant quality in Wenona, IL ranks as solid. Landlords generally report stable occupancy at market rents of $828/mo.
Is vacancy a concern in Wenona, IL?
Wenona, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
Does house hacking work in Wenona, IL?
The house hack math a challenging in Wenona, IL. Owner-occupant buyers benefit from the $828/mo rents and $136K home values.
Where do rents currently stand in Wenona, IL?
Wenona, IL rentals go for roughly $828/mo a month. That puts gross yield in solid territory relative to $136K acquisition costs.
You know 61377 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61377 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 61377 ranks in Peoria, IL
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