Real Estate Investing in Laura, Illinois (61451)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61451 (Laura, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 35.7% 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 Laura, IL (61451)?
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Market Analysis: 61451 Laura
The 61451 ZIP covers a section of Laura that demands careful diligence. Prices near $193K look accessible, but the work to make a deal cash flow is real.
The 61451 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 61451 sits on the difficult end of the IL spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 61451 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 61451 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Laura:
Market Trends
Home Value History (with trend line)
📊 How Does 61451 Compare?
| Metric | 61451 | Laura | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $193,442 | $193,442 | N/A | $279,761 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 6.6% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61451 (Laura, IL). Anonymous, moderated, never written by AI.
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Property managers serving Peoria County
Manage rentals here? List your business →NHS Property Management, Inc. offers residential, commercial, and HOA property management services in Peoria, managing apartments and townhomes. summary from their website
S&S Property Management offers residential and commercial property management services in the Peoria, IL metropolitan area and Central Illinois, including apartments, rental homes, condos, and commerc summary from their website
Principle Property Management is proudly rooted in Peoria. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $193,442 |
| Monthly Rent | $864 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 (3.5%). 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 61451
Population: 246
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
Frequently Asked Questions
How tight is the rental market in Laura, IL?
Laura, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the average home sale price in Laura, IL?
Median home price in Laura, IL is near $193K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What is the average monthly rent in Laura, IL?
Rental rates in Laura, IL average $864/mo. Tenant demand and $193K home values make the yield look reasonable by investor standards.
Does Laura, IL favor landlords or tenants?
IL law landlord-friendly for landlords, and Laura inherits those rules. Investors should still review local ordinances for rental licensing.
Is Laura in IL worth investing in?
With a 3.0/5 investability score, Laura, IL ranks as a solid market for rental property investors. Median prices of $193K and rents of $864/mo drive the underlying numbers.
You know 61451 now. You don’t know where it ranks.
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How 61451 ranks in Peoria, IL
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