Real Estate Investing in Wyoming, Illinois (61491)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61491 (Wyoming, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
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 Wyoming, IL (61491)?
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Market Analysis: 61491 Wyoming
The 61491 ZIP in Wyoming, IL is a local-operator market. Outside capital chasing a $141K entry has to pair deep knowledge with the discount.
The investment case in 61491 is sturdy only for operators who understand what they are buying. A $141K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Looking more closely, 61491 offers a low basis, the region around Wyoming has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 61491 includes headwinds that any investor should price in. Income distribution skews lower than Wyoming averages, and tenant stability requires active management.
Strategy in 61491 is an operator game, not a passive one. On the rental side, entry prices of $141K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Wyoming:
Market Trends
Home Value History (with trend line)
📊 How Does 61491 Compare?
| Metric | 61491 | Wyoming | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $141,065 | $141,065 | N/A | $279,761 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61491 (Wyoming, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,065 |
| Monthly Rent | $828 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +12.7% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (4.6%). 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 61491
Population: 2,170
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 61491
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
Do rentals sit vacant long in Wyoming, IL?
Expect elevated vacancy in Wyoming, IL. Rents at $828/mo are absorbed by the tenant base without meaningful lag.
What is the average monthly rent in Wyoming, IL?
Rent in Wyoming, IL is around $828/mo. The resulting rent-to-value relationship with $141K pricing is reasonable for most investor models.
Does Wyoming, IL favor landlords or tenants?
Rental owners in Wyoming, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Which real estate strategy fits Wyoming, IL?
The best-fit strategy in Wyoming, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the investability score for Wyoming, IL?
Yes - Wyoming, IL a 3.0/5 investability score. With $141K home prices against $828/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 61491 now. You don’t know where it ranks.
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How 61491 ranks in Peoria, IL
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