Real Estate Investing in Danvers, Illinois (61732)
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Should you buy in 61732 (Danvers, 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 Danvers, IL (61732)?
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Market Analysis: 61732 Danvers
Not every below-median market is a bargain. Danvers's 61732 ZIP registers signals that favor experienced operators who can absorb the risk $254K pricing implies.
The investment case in 61732 is resilient only for operators who understand what they are buying. A $254K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 61732 sits on the difficult end of the IL spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
From a cash-flow lens, 2,089 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.
Strategy in 61732 is an operator game, not a passive one. From a cash-flow lens, entry prices of $254K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Danvers:
Market Trends
Home Value History (with trend line)
📊 How Does 61732 Compare?
| Metric | 61732 | Danvers | Bloomington, IL | Illinois |
|---|---|---|---|---|
| Home Value | $253,732 | $253,732 | N/A | $279,761 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 6.6% |
| Avg Rent | $1,305 | $1,305 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61732 (Danvers, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,732 |
| Monthly Rent | $1,305 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 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 (4.0%). 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 61732
Population: 2,089
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 61732
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
Investor Insight: With 3,442 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Danvers, IL?
The median home value in Danvers, IL is roughly $254K. That puts it reasonable relative to the IL statewide average.
What is the renter demographic in Danvers, IL?
Danvers, IL offers a reliable renter base at the $1,305/mo rent level. Tenant turnover is reasonable for well-managed properties.
How does Danvers, IL rate as a rental market?
Danvers, IL rates 3.0/5 for investability. With median values at $254K and rents near $1,305/mo, the market offers reasonable fundamentals for rental investors.
Do landlords face vacancy issues in Danvers, IL?
Expect elevated vacancy in Danvers, IL. Rents at $1,305/mo are absorbed by the tenant base without meaningful lag.
Is rental property easy to operate in Danvers, IL?
The landlord environment in Danvers, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 61732 now. You don’t know where it ranks.
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How 61732 ranks in Bloomington, IL
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