Real Estate Investing in Ellsworth, Illinois (61737)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61737 (Ellsworth, IL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 12.6% of homes vacant — above national norms.
• 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 Ellsworth, IL (61737)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61737 Ellsworth
The 61737 ZIP covers a section of Ellsworth that demands careful diligence. Prices near $235K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $235K purchase price, 0.0% nominal cap — the work to hit that pro forma in 61737 is substantial and deserves full respect.
The gap between 61737 and stronger Ellsworth ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A substantial renter share of 9% in 61737 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 61737, 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 Ellsworth:
Market Trends
Home Value History (with trend line)
📊 How Does 61737 Compare?
| Metric | 61737 | Ellsworth | Bloomington, IL | Illinois |
|---|---|---|---|---|
| Home Value | $235,389 | $235,389 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $1,152 | $1,152 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61737 (Ellsworth, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 61737 (Ellsworth, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $235,389 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 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 (3.8%). 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 61737
Population: 449
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much is rent in Ellsworth, IL?
Rents in Ellsworth, IL run near $1,152/mo. Compared with median home prices of $235K that produces solid gross yields for typical rentals.
What price range are homes in Ellsworth, IL?
The median home value in Ellsworth, IL is roughly $235K. That puts it reasonable relative to the IL statewide average.
How tight is the rental market in Ellsworth, IL?
Ellsworth, IL carries elevated vacancy risk. Expect steady absorption at market rents of $1,152/mo.
How landlord-friendly is Ellsworth, IL?
The landlord environment in Ellsworth, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Should investors consider Ellsworth, IL?
With a 2.0/5 investability score, Ellsworth, IL ranks as a solid market for rental property investors. Median prices of $235K and rents of $1,152/mo drive the underlying numbers.
You know 61737 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61737 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 61737 ranks in Bloomington, IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 61737 (Ellsworth)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 61737 (Ellsworth, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.