Real Estate Investing in Gladstone, Illinois (61437)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61437 (Gladstone, 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.
- High vacancy: 23.9% of homes vacant — above national norms.
• 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 Gladstone, IL (61437)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61437 Gladstone
Meanwhile, ZIP 61437 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $148K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 61437 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Gladstone have seen price recovery that 61437 has not matched. Henderson County data supports the view that the spread is structural rather than temporary.
A robust renter share of 25% in 61437 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 61437 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Gladstone:
Market Trends
Home Value History (with trend line)
📊 How Does 61437 Compare?
| Metric | 61437 | Gladstone | Burlington, IA-IL | Illinois |
|---|---|---|---|---|
| Home Value | $148,015 | $148,015 | N/A | $279,761 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61437 (Gladstone, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 61437 (Gladstone, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $148,015 |
| Monthly Rent | $891 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 (4.7%). 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 61437
Population: 504
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
Investor Insight: With 627 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Gladstone, IL?
Rents in Gladstone, IL run near $891/mo. Compared with median home prices of $148K that produces solid gross yields for typical rentals.
What approach is best for Gladstone, IL real estate?
The best-fit strategy in Gladstone, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is real estate in Gladstone, IL a good investment right now?
Gladstone, IL rates 3.0/5 for investability. With median values at $148K and rents near $891/mo, the market offers reasonable fundamentals for rental investors.
Is Gladstone, IL suited for a house hack?
The a challenging house-hack environment in Gladstone, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is it easy to find good tenants in Gladstone, IL?
The renter base in Gladstone, IL is reasonable for the $891/mo price point. Screening well and pricing to market typically yields reliable tenants.
You know 61437 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61437 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 61437 ranks in Burlington, IA-IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 61437 (Gladstone)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 61437 (Gladstone, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.