Real Estate Investing in Colfax, Illinois (61728)
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Should you buy in 61728 (Colfax, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Colfax, IL (61728)?
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Market Analysis: 61728 Colfax
The 61728 ZIP covers a section of Colfax that demands careful diligence. Prices near $179K look accessible, but the work to make a deal cash flow is real.
The investment case in 61728 is substantial only for operators who understand what they are buying. A $179K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 61728 and stronger Colfax ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 61728 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 61728, 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 Colfax:
Market Trends
Home Value History (with trend line)
📊 How Does 61728 Compare?
| Metric | 61728 | Colfax | Bloomington, IL | Illinois |
|---|---|---|---|---|
| Home Value | $178,516 | $178,516 | N/A | $279,761 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 6.6% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61728 (Colfax, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $178,516 |
| Monthly Rent | $954 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (4.2%). 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 61728
Population: 1,316
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 61728
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
Where do home prices stand in Colfax, IL?
Colfax, IL home values average about $179K. That price point suits investors targeting rentals with $954/mo in monthly income.
What is the investability score for Colfax, IL?
Colfax, IL stands at an investability rating of 3.0/5, with median home values near $179K and average rents around $954/mo. That combination puts it in the healthy tier for investor interest.
What is the smart move for investors in Colfax, IL?
Most investors in Colfax, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Colfax, IL a friendly market for rental owners?
For rental operators, Colfax, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is tenant demand in Colfax, IL?
Working renters make up the core of the Colfax, IL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 61728 now. You don’t know where it ranks.
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How 61728 ranks in Bloomington, IL
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