Real Estate Investing in Heyworth, Illinois (61772)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61772 (Heyworth, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.1% 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 Heyworth, IL (61772)?
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Market Analysis: 61772 Heyworth
The 61772 ZIP covers a section of Heyworth that demands careful diligence. Prices near $252K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $252K purchase price, 0.0% nominal cap — the work to hit that pro forma in 61772 is substantial and deserves full respect.
Statewide comparisons place 61772 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 61772 ZIP's population of 221 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategically, 61772 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Heyworth:
Market Trends
Home Value History (with trend line)
📊 How Does 61772 Compare?
| Metric | 61772 | Heyworth | Bloomington, IL | Illinois |
|---|---|---|---|---|
| Home Value | $252,138 | $260,301 | N/A | $279,761 |
| 5-Year CAGR | N/A | 6.9% | N/A | 6.6% |
| Avg Rent | $1,359 | $1,265 | N/A | - |
| Cap Rate | 4.2% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61772 (Heyworth, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,138 |
| Monthly Rent | $1,359 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 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 (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 61772
Population: 221
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
Investor Insight: With 3,442 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Heyworth, IL?
Rent in Heyworth, IL is around $1,359/mo. The resulting rent-to-value relationship with $252K pricing is reasonable for most investor models.
What is the typical home price in Heyworth, IL?
Heyworth, IL median home values land near $252K. That is reasonable territory for investors looking at $1,359/mo-per-month rentals.
Should investors worry about vacancy in Heyworth, IL?
Expect elevated vacancy in Heyworth, IL. Rents at $1,359/mo are absorbed by the tenant base without meaningful lag.
How strict are landlord regulations in Heyworth, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Heyworth generally follows the statewide framework, so landlords face reasonable operating rules.
What type of investing works in Heyworth, IL?
Heyworth, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($252K prices, $1,359/mo rents) make it a reasonable choice.
You know 61772 now. You don’t know where it ranks.
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How 61772 ranks in Bloomington, IL
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