Real Estate Investing in Smithshire, Illinois (61478)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61478 (Smithshire, IL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
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.
• 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 Smithshire, IL (61478)?
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Market Analysis: 61478 Smithshire
Stepping back, ZIP 61478 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $165K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 61478 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within IL, ZIP 61478 trails on several market indicators that neighboring Warren County submarkets outperform. The gap is real and impressive enough to shape underwriting.
The demographic picture in 61478 includes headwinds that any investor should price in. Income distribution skews lower than Smithshire averages, and tenant stability requires active management.
Distressed ZIPs reward experience. robust returns are possible in 61478, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Smithshire:
Market Trends
Home Value History (with trend line)
📊 How Does 61478 Compare?
| Metric | 61478 | Smithshire | Burlington, IA-IL | Illinois |
|---|---|---|---|---|
| Home Value | $165,254 | $165,254 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61478 (Smithshire, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,254 |
| Monthly Rent | $873 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.1%). 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 61478
Population: 397
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
Frequently Asked Questions
How strong are rents in Smithshire, IL?
Investors in Smithshire, IL typically see rents near $873/mo per month against $165K home values - a solid setup for rental cash flow.
Are landlord laws favorable in Smithshire, IL?
Smithshire, IL operates under IL law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How much does a house cost in Smithshire, IL?
In Smithshire, IL the median home value sits at $165K. Against the broader IL market, that reads as reasonable for most investors.
What investment strategy works best in Smithshire, IL?
Most investors in Smithshire, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
Are tenants stable in Smithshire, IL?
Smithshire, IL draws a even-keeled base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
You know 61478 now. You don’t know where it ranks.
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How 61478 ranks in Burlington, IA-IL
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