Real Estate Investing in Streator, Illinois (61364)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61364 (Streator, 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.
- Elevated vacancy: 9.0% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Streator, IL (61364)?
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Market Analysis: 61364 Streator
The 61364 ZIP covers a section of Streator that demands careful diligence. Prices near $131K look accessible, but the work to make a deal cash flow is real.
The 61364 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 61364's metrics run below La Salle County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 61364 ZIP's population of 18,236 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Streator:
Property Strategy for 61364
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $98,185 | $970 | 7.1% | +12.3% | $49,092 |
| 3BR | $137,385 | $1,280 | 6.7% | +11.5% | $45,795 |
| 4BR | $174,160 | $1,500 | 6.2% | +9.9% | $43,540 |
Market Trends
Home Value History (with trend line)
📊 How Does 61364 Compare?
| Metric | 61364 | Streator | Ottawa, IL | Illinois |
|---|---|---|---|---|
| Home Value | $130,981 | $130,981 | N/A | $279,761 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 6.6% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 5.2% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61364 (Streator, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $130,981 |
| Monthly Rent | $873 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 13.1% |
📈 Home Appreciation
| 1-Year | +12.1% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 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 (5.2%). 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 61364
Population: 18,236
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 61364
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 average monthly rent in Streator, IL?
Rental rates in Streator, IL average $873/mo. Tenant demand and $131K home values make the yield look reasonable by investor standards.
Are landlord laws favorable in Streator, IL?
IL law landlord-friendly for landlords, and Streator inherits those rules. Investors should still review local ordinances for rental licensing.
Is Streator, IL a smart market for rental property?
Investors tracking Streator, IL will find a 3.0/5 rating supported by $131K median home values and $873/mo rents. That profile suits long-term holders targeting even-keeled returns.
Are there empty rentals in Streator, IL?
Rental vacancy in Streator, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Does a duplex house hack pencil in Streator, IL?
Streator, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
You know 61364 now. You don’t know where it ranks.
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How 61364 ranks in Ottawa, IL
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