Real Estate Investing in Knoxville, Illinois (61448)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61448 (Knoxville, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
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 Knoxville, IL (61448)?
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Market Analysis: 61448 Knoxville
Not every below-median market is a bargain. Knoxville's 61448 ZIP records signals that favor experienced operators who can absorb the risk $163K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 61448 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 61448 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 61448 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 61448 is an operator game, not a passive one. Stepping back, entry prices of $163K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Knoxville:
Market Trends
Home Value History (with trend line)
📊 How Does 61448 Compare?
| Metric | 61448 | Knoxville | Galesburg, IL | Illinois |
|---|---|---|---|---|
| Home Value | $162,677 | $162,677 | N/A | $279,761 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61448 (Knoxville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $162,677 |
| Monthly Rent | $828 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +18.6% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (4.0%). 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 61448
Population: 3,906
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 61448
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 housing expensive in Knoxville, IL?
Knoxville, IL home values average about $163K. That price point suits investors targeting rentals with $828/mo in monthly income.
How qualified is the tenant pool in Knoxville, IL?
Expect a solid tenant pool in Knoxville, IL. The rental market absorbs $828/mo rents without meaningful friction.
What kind of vacancy should I budget for in Knoxville, IL?
Occupancy in Knoxville, IL runs predictable with elevated vacancy. Well-priced units at $828/mo lease on reasonable timelines.
How do landlord-tenant laws work in Knoxville, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Knoxville generally follows the statewide framework, so landlords face reasonable operating rules.
What do rentals go for in Knoxville, IL?
Rental rates in Knoxville, IL average $828/mo. Tenant demand and $163K home values make the yield look reasonable by investor standards.
You know 61448 now. You don’t know where it ranks.
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How 61448 ranks in Galesburg, IL
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