Real Estate Investing in Manito, Illinois (61546)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61546 (Manito, 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: 11.6% 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 Manito, IL (61546)?
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Market Analysis: 61546 Manito
ZIP 61546 in Manito, IL carries a resilient set of headwinds. Home values near $148K and rents of $828/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 61546 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Manito have seen price recovery that 61546 has not matched. Tazewell County data supports the view that the spread is structural rather than temporary.
In practical terms, 3,682 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.
Distressed ZIPs reward experience. impressive returns are possible in 61546, 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 Manito:
Property Strategy for 61546
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $58,110 | $720 | 8.9% | +4.8% | $58,110 |
| 2BR | $103,140 | $920 | 6.4% | +7.8% | $51,570 |
| 3BR | $167,536 | $1,240 | 5.3% | +7.9% | $55,845 |
| 4BR | $193,087 | $1,430 | 5.3% | +7.4% | $48,272 |
Market Trends
Home Value History (with trend line)
📊 How Does 61546 Compare?
| Metric | 61546 | Manito | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $147,600 | $147,600 | N/A | $279,761 |
| 5-Year CAGR | 7.5% | 7.5% | 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 61546 (Manito, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,600 |
| 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 | 11.9% |
📈 Home Appreciation
| 1-Year | +16.8% ▲ |
| 3-Year CAGR | +9.7% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 61546
Population: 3,682
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 61546
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
Does Manito, IL make sense for an investment property?
The 3.0/5 investability rating in Manito, IL reflects its $148K prices and $828/mo rents. Investors generally consider it a solid option within IL.
Which investment style suits Manito, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Manito, IL. With home values at $148K and rents near $828/mo, other strategies can work but produce stable rather than outsized returns.
What monthly rent should investors expect in Manito, IL?
Rental rates in Manito, IL average $828/mo. Tenant demand and $148K home values make the yield look reasonable by investor standards.
Is Manito, IL a friendly market for rental owners?
Manito, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is it easy to find good tenants in Manito, IL?
Tenant demand in Manito, IL is solid. The local workforce $828/mo rents across most rental classes.
You know 61546 now. You don’t know where it ranks.
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How 61546 ranks in Peoria, IL
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