Real Estate Investing in Cameron, Illinois (61423)
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Should you buy in 61423 (Cameron, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cameron, IL (61423)?
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Market Analysis: 61423 Cameron
The 61423 ZIP in Cameron, IL is a local-operator market. Outside capital chasing a $168K entry has to pair deep knowledge with the discount.
The investment case in 61423 is healthy only for operators who understand what they are buying. A $168K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 61423's metrics run below Warren 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 61423 includes headwinds that any investor should price in. Income distribution skews lower than Cameron averages, and tenant stability requires active management.
Strategy in 61423 is an operator game, not a passive one. From a cash-flow lens, entry prices of $168K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cameron:
Market Trends
Home Value History (with trend line)
📊 How Does 61423 Compare?
| Metric | 61423 | Cameron | Illinois |
|---|---|---|---|
| Home Value | $168,363 | $168,363 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61423 (Cameron, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $168,363 |
| Monthly Rent | $828 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | N/A |
| 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 (3.8%). 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 61423
Population: 649
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Do rentals sit vacant long in Cameron, IL?
Rental vacancy in Cameron, IL is elevated. Investors should budget normal turnover but not chronic empty units.
What is the investability score for Cameron, IL?
Yes - Cameron, IL a 2.0/5 investability score. With $168K home prices against $828/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strong is tenant demand in Cameron, IL?
Cameron, IL draws a predictable base of working renters. Demand at the $828/mo rent level is reasonable for standard single-family and small multi rentals.
Does Cameron, IL favor landlords or tenants?
Cameron, IL operates under IL law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What price range are homes in Cameron, IL?
The median home value in Cameron, IL is roughly $168K. That puts it reasonable relative to the IL statewide average.
You know 61423 now. You don’t know where it ranks.
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