Real Estate Investing in Bellflower, Illinois (61724)
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Should you buy in 61724 (Bellflower, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
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 Bellflower, IL (61724)?
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Market Analysis: 61724 Bellflower
ZIP 61724 in Bellflower, IL carries a notable set of headwinds. Home values near $144K and rents of $900/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 61724 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 61724 sits on the difficult end of the IL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 61724 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 61724 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bellflower:
Market Trends
Home Value History (with trend line)
📊 How Does 61724 Compare?
| Metric | 61724 | Bellflower | Bloomington, IL | Illinois |
|---|---|---|---|---|
| Home Value | $144,117 | $144,117 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61724 (Bellflower, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $144,117 |
| Monthly Rent | $900 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.9%). 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 61724
Population: 493
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
Is housing expensive in Bellflower, IL?
Homes in Bellflower, IL typically sell near $144K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Is vacancy a concern in Bellflower, IL?
Vacancy in Bellflower, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $900/mo.
Is IL a landlord-friendly state?
Bellflower, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What do rentals go for in Bellflower, IL?
Expect rents around $900/mo per month in Bellflower, IL. With home values at $144K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Bellflower, IL?
Bellflower, IL offers a even-keeled renter base at the $900/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 61724 now. You don’t know where it ranks.
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How 61724 ranks in Bloomington, IL
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