Real Estate Investing in Mackinaw, Illinois (61733)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61733 (Mackinaw, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
• 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 Mackinaw, IL (61733)?
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Market Analysis: 61733 Mackinaw
This part of Tazewell County is not an easy win. The 61733 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 61733 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Mackinaw have seen price recovery that 61733 has not matched. Tazewell County data supports the view that the spread is structural rather than temporary.
A robust renter share of 21% in 61733 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Mackinaw's stable or hybrid ZIPs before stepping into 61733. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mackinaw:
Market Trends
Home Value History (with trend line)
📊 How Does 61733 Compare?
| Metric | 61733 | Mackinaw | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $210,655 | $235,980 | N/A | $279,761 |
| 5-Year CAGR | 9.1% | 8.8% | N/A | 6.6% |
| Avg Rent | $1,125 | $1,031 | N/A | - |
| Cap Rate | 4.2% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61733 (Mackinaw, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,655 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +16.1% ▲ |
| 3-Year CAGR | +12.2% ▲ |
| 5-Year CAGR | +9.1% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 61733
Population: 944
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 61733
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 4,842 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Mackinaw, IL?
Average rent in Mackinaw, IL is approximately $1,125/mo per month. Against $211K home values that yields a reasonable rent-to-price ratio.
What type of investing works in Mackinaw, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Mackinaw, IL. With home values at $211K and rents near $1,125/mo, other strategies can work but produce consistent rather than outsized returns.
Should investors consider Mackinaw, IL?
The 3.0/5 investability rating in Mackinaw, IL reflects its $211K prices and $1,125/mo rents. Investors generally consider it a solid option within IL.
What is the typical vacancy rate in Mackinaw, IL?
Mackinaw, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How viable is house hacking in Mackinaw, IL?
House hacking in Mackinaw, IL is a challenging. With home values around $211K and rents at $1,125/mo, owner-occupants can offset a meaningful share of PITI.
You know 61733 now. You don’t know where it ranks.
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