Real Estate Investing in Henry, Illinois (61537)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61537 (Henry, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 9.5% 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 Henry, IL (61537)?
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Market Analysis: 61537 Henry
The 61537 ZIP covers a section of Henry that demands careful diligence. Prices near $132K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 61537 can be a worth a close look for hunting ground — but the discount at $132K reflects genuine risk that outside investors often underestimate.
Regionally, 61537 sits on the difficult end of the IL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
From a cash-flow lens, 2,742 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 61537 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 Henry:
Market Trends
Home Value History (with trend line)
📊 How Does 61537 Compare?
| Metric | 61537 | Henry | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $132,487 | $132,487 | N/A | $279,761 |
| 5-Year CAGR | 8.5% | 8.5% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61537 (Henry, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $132,487 |
| Monthly Rent | $828 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +17.8% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (4.9%). 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 61537
Population: 2,742
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 61537
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
What is the typical home price in Henry, IL?
Homes in Henry, IL typically sell near $132K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What approach is best for Henry, IL real estate?
The best-fit strategy in Henry, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What kind of tenants rent in Henry, IL?
Henry, IL offers a measured renter base at the $828/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Henry, IL make sense for an investment property?
The 3.0/5 investability rating in Henry, IL reflects its $132K prices and $828/mo rents. Investors generally consider it a solid option within IL.
Is IL a landlord-friendly state?
The landlord environment in Henry, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 61537 now. You don’t know where it ranks.
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How 61537 ranks in Peoria, IL
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