Real Estate Investing in Heyworth, Illinois (61745)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61745 (Heyworth, 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.
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 Heyworth, IL (61745)?
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Market Analysis: 61745 Heyworth
In practical terms, ZIP 61745 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $268K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $268K asset, 61745 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IL picture, 61745 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
From an investor standpoint, 4,506 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.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Heyworth:
Market Trends
Home Value History (with trend line)
📊 How Does 61745 Compare?
| Metric | 61745 | Heyworth | Bloomington, IL | Illinois |
|---|---|---|---|---|
| Home Value | $268,464 | $260,301 | N/A | $279,761 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $1,170 | $1,265 | N/A | - |
| Cap Rate | 3.4% | 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 61745 (Heyworth, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,464 |
| Monthly Rent | $1,170 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (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 61745
Population: 4,506
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 61745
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
How does Heyworth, IL rate as a rental market?
Heyworth, IL rates 3.0/5 for investability. With median values at $268K and rents near $1,170/mo, the market offers reasonable fundamentals for rental investors.
How much rent can I charge in Heyworth, IL?
Heyworth, IL rentals go for roughly $1,170/mo a month. That puts gross yield in solid territory relative to $268K acquisition costs.
What kind of vacancy should I budget for in Heyworth, IL?
Occupancy in Heyworth, IL runs even-keeled with elevated vacancy. Well-priced units at $1,170/mo lease on reasonable timelines.
Is rental property easy to operate in Heyworth, IL?
The landlord environment in Heyworth, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is it easy to find good tenants in Heyworth, IL?
Tenant demand in Heyworth, IL is solid. The local workforce $1,170/mo rents across most rental classes.
You know 61745 now. You don’t know where it ranks.
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How 61745 ranks in Bloomington, IL
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