Real Estate Investing in Williamsfield, Illinois (61489)
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Should you buy in 61489 (Williamsfield, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.7% 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 Williamsfield, IL (61489)?
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Market Analysis: 61489 Williamsfield
This part of Knox County is not an easy win. The 61489 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 61489 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Williamsfield have seen price recovery that 61489 has not matched. Knox County data supports the view that the spread is structural rather than temporary.
A significant renter share of 6% in 61489 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 61489 is an operator game, not a passive one. Put differently, entry prices of $148K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Williamsfield:
Market Trends
Home Value History (with trend line)
📊 How Does 61489 Compare?
| Metric | 61489 | Williamsfield | Galesburg, IL | Illinois |
|---|---|---|---|---|
| Home Value | $147,853 | $147,853 | N/A | $279,761 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61489 (Williamsfield, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,853 |
| Monthly Rent | $828 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +13.9% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 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 (4.4%). 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 61489
Population: 743
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 61489
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.
Frequently Asked Questions
How does Williamsfield, IL rate as a rental market?
Yes - Williamsfield, IL a 3.0/5 investability score. With $148K home prices against $828/mo monthly rent, the market delivers a reasonable entry point for new investors.
What monthly rent should investors expect in Williamsfield, IL?
Expect rents around $828/mo per month in Williamsfield, IL. With home values at $148K, the yield math works out to reasonable levels for rental investors.
What is the typical renter like in Williamsfield, IL?
Expect a solid tenant pool in Williamsfield, IL. The rental market absorbs $828/mo rents without meaningful friction.
How high is vacancy risk in Williamsfield, IL?
Williamsfield, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do home values compare in Williamsfield, IL?
Williamsfield, IL home values average about $148K. That price point suits investors targeting rentals with $828/mo in monthly income.
You know 61489 now. You don’t know where it ranks.
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