Real Estate Investing in Chillicothe, Illinois (61523)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61523 (Chillicothe, 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.
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 Chillicothe, IL (61523)?
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Market Analysis: 61523 Chillicothe
This part of Peoria County is not an easy win. The 61523 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 61523 is resilient only for operators who understand what they are buying. A $190K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 61523 sits on the difficult end of the IL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 61523 includes headwinds that any investor should price in. Income distribution skews lower than Chillicothe averages, and tenant stability requires active management.
The right play in 61523 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Chillicothe:
Property Strategy for 61523
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $121,548 | $1,030 | 6.1% | +7.8% | $60,774 |
| 3BR | $183,846 | $1,330 | 5.2% | +7.8% | $61,282 |
| 4BR | $281,356 | $1,440 | 3.7% | +7.3% | $70,339 |
| 5BR | $332,958 | — | — | +6.8% | $66,592 |
Market Trends
Home Value History (with trend line)
📊 How Does 61523 Compare?
| Metric | 61523 | Chillicothe | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $189,921 | $189,921 | N/A | $279,761 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 6.6% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61523 (Chillicothe, 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 | $189,921 |
| Monthly Rent | $927 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (3.8%). 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 61523
Population: 10,188
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 61523
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
Investor Insight: With 4,842 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Chillicothe, IL?
Chillicothe, IL rates 3.0/5 for investability. With median values at $190K and rents near $927/mo, the market offers reasonable fundamentals for rental investors.
How do experienced investors play Chillicothe, IL?
Most investors in Chillicothe, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are there empty rentals in Chillicothe, IL?
Rental vacancy in Chillicothe, IL is elevated. Investors should budget normal turnover but not chronic empty units.
What kind of tenants rent in Chillicothe, IL?
The tenant pool in Chillicothe, IL is solid, supported by local employment and population fundamentals. Rents of $927/mo are well-absorbed by the market.
What price range are homes in Chillicothe, IL?
Typical homes in Chillicothe, IL go for around $190K. The 5-year CAGR of 0.0% reliable price movement.
You know 61523 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61523 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 61523 ranks in Peoria, IL
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