Real Estate Investing in Princeville, Illinois (61559)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61559 (Princeville, 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 Princeville, IL (61559)?
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Market Analysis: 61559 Princeville
ZIP 61559 in Princeville, IL carries a sturdy set of headwinds. Home values near $244K and rents of $990/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $244K asset, 61559 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Princeville have seen price recovery that 61559 has not matched. Peoria County data supports the view that the spread is structural rather than temporary.
On balance, 3,726 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, 61559 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 Princeville:
Property Strategy for 61559
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $130,078 | $1,100 | 6.1% | +6.0% | $65,039 |
| 3BR | $215,608 | $1,420 | 4.7% | +7.0% | $71,869 |
| 4BR | $270,653 | $1,530 | 4.1% | +6.4% | $67,663 |
Market Trends
Home Value History (with trend line)
📊 How Does 61559 Compare?
| Metric | 61559 | Princeville | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $243,944 | $243,944 | N/A | $279,761 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 6.6% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 61559 (Princeville, 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 | $243,944 |
| Monthly Rent | $990 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (3.2%). 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 61559
Population: 3,726
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 61559
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
How does Princeville, IL rate as a rental market?
Princeville, IL scores 3.0/5 for investability. Home values sit at $244K and rents near $990/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is the tenant base reliable in Princeville, IL?
The renter base in Princeville, IL is reasonable for the $990/mo price point. Screening well and pricing to market typically yields measured tenants.
How much rent can I charge in Princeville, IL?
Princeville, IL rentals go for roughly $990/mo a month. That puts gross yield in solid territory relative to $244K acquisition costs.
What is the rental occupancy rate in Princeville, IL?
Occupancy in Princeville, IL runs measured with elevated vacancy. Well-priced units at $990/mo lease on reasonable timelines.
What type of investing works in Princeville, IL?
A careful cash-flow rentals with hands-on management strategy Princeville, IL best. The market produces predictable results for that approach at the $244K price point.
You know 61559 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61559 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 61559 ranks in Peoria, IL
Every ZIP in this metro, ranked. Free.
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