Real Estate Investing in Alpha, Illinois (61413)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61413 (Alpha, 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: 8.2% 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 Alpha, IL (61413)?
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Market Analysis: 61413 Alpha
This part of Henry County is not an easy win. The 61413 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 61413 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IL, ZIP 61413 trails on several market indicators that neighboring Henry County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The 61413 ZIP's population of 1,038 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
New investors are better served looking at Alpha's stable or hybrid ZIPs before stepping into 61413. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Alpha:
Market Trends
Home Value History (with trend line)
📊 How Does 61413 Compare?
| Metric | 61413 | Alpha | Illinois |
|---|---|---|---|
| Home Value | $156,253 | $156,253 | $279,761 |
| 5-Year CAGR | 5.7% | 5.7% | 6.6% |
| Avg Rent | $1,035 | $1,035 | - |
| 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 61413 (Alpha, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $156,253 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +12.4% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 61413
Population: 1,038
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 61413
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How strict are landlord regulations in Alpha, IL?
Alpha, IL operates under IL law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How strong is the working-renter base in Alpha, IL?
Tenant demand in Alpha, IL is solid. The local workforce $1,035/mo rents across most rental classes.
How do home values compare in Alpha, IL?
In Alpha, IL the median home value sits at $156K. Against the broader IL market, that reads as reasonable for most investors.
Is Alpha, IL a good market for FHA house hackers?
Alpha, IL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $156K price point reasonable to enter.
How much do tenants pay in Alpha, IL?
Expect rents around $1,035/mo per month in Alpha, IL. With home values at $156K, the yield math works out to reasonable levels for rental investors.
You know 61413 now. You don’t know where it ranks.
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How 61413 ranks in Davenport-Moline-Rock Island, IA-IL
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