Real Estate Investing in Yates City, Illinois (61572)
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Should you buy in 61572 (Yates City, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Yates City, IL (61572)?
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Market Analysis: 61572 Yates City
ZIP 61572 inside Knox County looks affordable on the surface — median value of $131K — but the discount exists for reasons that a careful buyer should understand before committing.
Stepping back, the numbers look inviting — $131K purchase price, 0.0% nominal cap — the work to hit that pro forma in 61572 is substantial and deserves full respect.
Regionally, 61572 sits on the difficult end of the IL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 61572 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Yates City:
Market Trends
Home Value History (with trend line)
📊 How Does 61572 Compare?
| Metric | 61572 | Yates City | Galesburg, IL | Illinois |
|---|---|---|---|---|
| Home Value | $131,024 | $131,024 | N/A | $279,761 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.6% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 5.6% | 5.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61572 (Yates City, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $131,024 |
| Monthly Rent | $936 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +16.7% ▲ |
| 3-Year CAGR | +10.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (5.6%). 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 61572
Population: 916
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
Frequently Asked Questions
What is it like being a landlord in Yates City, IL?
IL law landlord-friendly for landlords, and Yates City inherits those rules. Investors should still review local ordinances for rental licensing.
Can owner-occupants cash flow in Yates City, IL?
Yates City, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $936/mo rent level.
How expensive is real estate in Yates City, IL?
The median home value in Yates City, IL is roughly $131K. That puts it reasonable relative to the IL statewide average.
How much is rent in Yates City, IL?
Rents in Yates City, IL run near $936/mo. Compared with median home prices of $131K that produces solid gross yields for typical rentals.
Are renters plentiful in Yates City, IL?
Working renters make up the core of the Yates City, IL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 61572 now. You don’t know where it ranks.
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How 61572 ranks in Galesburg, IL
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