Real Estate Investing in Monmouth, Illinois (61462)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61462 (Monmouth, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Monmouth, IL (61462)?
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Market Analysis: 61462 Monmouth
This part of Warren County is not an easy win. The 61462 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 61462 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 61462's metrics run below Warren County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A impressive renter share of 26% in 61462 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Monmouth's stable or hybrid ZIPs before stepping into 61462. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Monmouth:
Market Trends
Home Value History (with trend line)
📊 How Does 61462 Compare?
| Metric | 61462 | Monmouth | Burlington, IA-IL | Illinois |
|---|---|---|---|---|
| Home Value | $115,475 | $115,475 | N/A | $279,761 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 5.6% | 5.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61462 (Monmouth, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $115,475 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +14.2% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (5.6%). 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 61462
Population: 10,640
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 61462
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
How much do tenants pay in Monmouth, IL?
Rent in Monmouth, IL is around $828/mo. The resulting rent-to-value relationship with $115K pricing is reasonable for most investor models.
How deep is the rental pool in Monmouth, IL?
The tenant pool in Monmouth, IL is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.
Is Monmouth, IL a smart market for rental property?
The 3.0/5 investability rating in Monmouth, IL reflects its $115K prices and $828/mo rents. Investors generally consider it a solid option within IL.
What is the rental occupancy rate in Monmouth, IL?
Occupancy in Monmouth, IL runs measured with elevated vacancy. Well-priced units at $828/mo lease on reasonable timelines.
Are landlord laws favorable in Monmouth, IL?
Monmouth, IL operates under IL law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
You know 61462 now. You don’t know where it ranks.
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How 61462 ranks in Burlington, IA-IL
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