Real Estate Investing in De Land, Illinois (61839)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61839 (De Land, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.3% 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 De Land, IL (61839)?
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Market Analysis: 61839 De Land
The 61839 ZIP in De Land, IL is a local-operator market. Outside capital chasing a $158K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $158K asset, 61839 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 61839 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 61839 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 61839 is an operator game, not a passive one. In practical terms, entry prices of $158K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in De Land:
Market Trends
Home Value History (with trend line)
📊 How Does 61839 Compare?
| Metric | 61839 | De Land | Champaign-Urbana, IL | Illinois |
|---|---|---|---|---|
| Home Value | $157,538 | $157,538 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61839 (De Land, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $157,538 |
| Monthly Rent | $882 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | N/A |
| 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 (4.4%). 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 61839
Population: 648
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 61839
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.
Frequently Asked Questions
Which investment style suits De Land, IL?
A careful cash-flow rentals with hands-on management strategy De Land, IL best. The market produces steady results for that approach at the $158K price point.
Do landlords face vacancy issues in De Land, IL?
Expect elevated vacancy in De Land, IL. Rents at $882/mo are absorbed by the tenant base without meaningful lag.
How strong is tenant demand in De Land, IL?
Working renters make up the core of the De Land, IL tenant base. The pool is reasonable for investors targeting long-term holds.
What is it like being a landlord in De Land, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. De Land generally follows the statewide framework, so landlords face reasonable operating rules.
Where do rents currently stand in De Land, IL?
Investors in De Land, IL typically see rents near $882/mo per month against $158K home values - a solid setup for rental cash flow.
You know 61839 now. You don’t know where it ranks.
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How 61839 ranks in Champaign-Urbana, IL
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