Real Estate Investing in Minonk, Illinois (61738)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61738 (Minonk, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Minonk, IL (61738)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61738 Minonk
Investors eyeing 61738 need to respect the fundamentals at play. Home values of $214K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 61738 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader IL picture, 61738 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 61738 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 61738 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Minonk:
Market Trends
Home Value History (with trend line)
📊 How Does 61738 Compare?
| Metric | 61738 | Minonk | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $213,573 | $190,129 | N/A | $279,761 |
| 5-Year CAGR | 5.4% | 4.9% | N/A | 6.6% |
| Avg Rent | $936 | $968 | N/A | - |
| Cap Rate | 3.4% | 4.0% | - | - |
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 61738 (Minonk, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,573 |
| Monthly Rent | $936 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 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 (3.4%). 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 61738
Population: 4,444
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 61738
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
Are homes affordable in Minonk, IL?
Minonk, IL home values average about $214K. That price point suits investors targeting rentals with $936/mo in monthly income.
How much do tenants pay in Minonk, IL?
Expect rents around $936/mo per month in Minonk, IL. With home values at $214K, the yield math works out to reasonable levels for rental investors.
What does house hacking look like in Minonk, IL?
The a challenging house-hack environment in Minonk, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Minonk, IL good for landlords?
For rental operators, Minonk, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How deep is the rental pool in Minonk, IL?
Expect a solid tenant pool in Minonk, IL. The rental market absorbs $936/mo rents without meaningful friction.
You know 61738 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61738 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 61738 ranks in Peoria, IL
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