Real Estate Investing in Gerlaw, Illinois (61412)
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Should you buy in 61412 (Gerlaw, 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 Gerlaw, IL (61412)?
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Market Analysis: 61412 Gerlaw
Not every below-median market is a bargain. Gerlaw's 61412 ZIP posts signals that favor experienced operators who can absorb the risk $153K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 61412 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Looking more closely, 61412 offers a low basis, the region around Gerlaw has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 61412 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 61412 is an operator game, not a passive one. Stepping back, entry prices of $153K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Gerlaw:
Market Trends
Home Value History (with trend line)
📊 How Does 61412 Compare?
| Metric | 61412 | Gerlaw | Illinois |
|---|---|---|---|
| Home Value | $152,939 | $76,470 | $279,761 |
| 5-Year CAGR | 3.7% | 3.7% | 6.6% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61412 (Gerlaw, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $152,939 |
| Monthly Rent | $864 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +15.1% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (4.4%). 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 61412
Population: 1,310
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 61412
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
Is rental property easy to operate in Gerlaw, IL?
The landlord environment in Gerlaw, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Gerlaw, IL?
Tenant quality in Gerlaw, IL ranks as solid. Landlords generally report reliable occupancy at market rents of $864/mo.
What are home prices like in Gerlaw, IL?
Median home price in Gerlaw, IL is near $153K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Should investors worry about vacancy in Gerlaw, IL?
Gerlaw, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
Is Gerlaw, IL good for house hacking?
House hacking in Gerlaw, IL is a challenging. With home values around $153K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
You know 61412 now. You don’t know where it ranks.
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How 61412 ranks in Davenport-Moline-Rock Island, IA-IL
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