Real Estate Investing in Bushnell, Illinois (61422)
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Should you buy in 61422 (Bushnell, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.8% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.1% CAGR).
- 1-year downturn: Values declined 6.6% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bushnell, IL (61422)?
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Market Analysis: 61422 Bushnell
Within McDonough County, the 61422 ZIP reports a lower entry point around $67K. On the rental side, operators who can improve stock here typically see outsized uplift.
BRRRR works in 61422 because the math supports it. Buy at $67K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
The a solid fit for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 61422 has not.
The resident base in 61422 runs younger and more tenure-renter than county averages. 28% of 3,045 households lease, which is the demand source for post-rehab rent lifts.
BRRRR is the most natural fit. Buy under $67K, rehab, refinance, and the capital recycles in a way turnkey markets cannot replicate.
Here's what matters if you're considering buying a home in Bushnell:
Property Strategy for 61422
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $55,458 | $920 | 11.9% | — | $27,729 |
| 3BR | $79,373 | $1,190 | 10.8% | +0.6% | $26,458 |
| 4BR | $84,804 | $1,460 | 12.4% | — | $21,201 |
Market Trends
Home Value History (with trend line)
📊 How Does 61422 Compare?
| Metric | 61422 | Bushnell | Macomb, IL | Illinois |
|---|---|---|---|---|
| Home Value | $67,459 | $67,459 | N/A | $279,761 |
| 5-Year CAGR | 0.1% | 0.1% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 9.6% | 9.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61422 (Bushnell, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $67,459 |
| Monthly Rent | $828 |
| Price-to-Rent | 6.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.7% |
| Cap Rate | 9.6% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | -6.6% ▼ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | +0.1% ▲ |
| 10-Year CAGR | +1.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.6%) 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 61422
Population: 3,045
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 61422
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
Investor Insight: With 572 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Bushnell, IL?
For Bushnell, IL, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Bushnell, IL a viable BRRRR market?
BRRRR viability in Bushnell, IL is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
How much does a house cost in Bushnell, IL?
In Bushnell, IL the median home value sits at $67K. Against the broader IL market, that reads as reasonable for most investors.
What is the average monthly rent in Bushnell, IL?
Rent in Bushnell, IL is around $828/mo. The resulting rent-to-value relationship with $67K pricing is reasonable for most investor models.
Are 1% rule properties available in Bushnell, IL?
With rents of $828/mo on $67K homes, Bushnell, IL close to the 1% rule for most properties. The actual rent-to-price ratio is 1.23%.
You know 61422 now. You don’t know where it ranks.
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How 61422 ranks in Macomb, IL
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