Real Estate Investing in Pekin, Illinois (61564)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61564 (Pekin, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
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 Pekin, IL (61564)?
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Market Analysis: 61564 Pekin
The 61564 ZIP covers a section of Pekin that demands careful diligence. Prices near $118K look accessible, but the work to make a deal cash flow is real.
Rent of $828/mo on a $118K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61564 sits below the stated 0.0% once reality is priced in.
Within IL, ZIP 61564 trails on several market indicators that neighboring Tazewell County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The demographic picture in 61564 includes headwinds that any investor should price in. Income distribution skews lower than Pekin averages, and tenant stability requires active management.
Strategically, 61564 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 Pekin:
Property Strategy for 61564
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $88,197 | $920 | 7.5% | +8.8% | $44,098 |
| 3BR | $116,499 | $1,190 | 7.4% | +9.5% | $38,833 |
Market Trends
Home Value History (with trend line)
📊 How Does 61564 Compare?
| Metric | 61564 | Pekin | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $117,630 | $131,278 | N/A | $279,761 |
| 5-Year CAGR | 9.1% | 8.6% | N/A | 6.6% |
| Avg Rent | $828 | $877 | N/A | - |
| Cap Rate | 5.5% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61564 (Pekin, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $117,630 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 14.6% |
📈 Home Appreciation
| 1-Year | +13.1% ▲ |
| 3-Year CAGR | +10.4% ▲ |
| 5-Year CAGR | +9.1% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (5.5%). 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 61564
Population: 1,000
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 61564
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 Pekin, IL stack up for property investment?
Yes - Pekin, IL a 3.0/5 investability score. With $118K home prices against $828/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the rental occupancy rate in Pekin, IL?
Occupancy in Pekin, IL runs stable with elevated vacancy. Well-priced units at $828/mo lease on reasonable timelines.
What is the typical home price in Pekin, IL?
In Pekin, IL the median home value sits at $118K. Against the broader IL market, that reads as reasonable for most investors.
Is Pekin, IL good for landlords?
For rental operators, Pekin, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much do tenants pay in Pekin, IL?
Rent in Pekin, IL is around $828/mo. The resulting rent-to-value relationship with $118K pricing is reasonable for most investor models.
You know 61564 now. You don’t know where it ranks.
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How 61564 ranks in Peoria, IL
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