Real Estate Investing in Oakwood, Illinois (61858)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61858 (Oakwood, 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: 10.5% 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 Oakwood, IL (61858)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61858 Oakwood
ZIP 61858 in Oakwood, IL carries a durable set of headwinds. Home values near $176K and rents of $855/mo sit inside a market where underwriting has to be tight.
Rent of $855/mo on a $176K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61858 sits below the stated 0.0% once reality is priced in.
ZIP 61858's metrics run below Vermilion County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A sturdy renter share of 16% in 61858 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 61858 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 Oakwood:
Market Trends
Home Value History (with trend line)
📊 How Does 61858 Compare?
| Metric | 61858 | Oakwood | Danville, IL | Illinois |
|---|---|---|---|---|
| Home Value | $175,941 | $175,941 | N/A | $279,761 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 3.8% | 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 61858 (Oakwood, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,941 |
| Monthly Rent | $855 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +15.1% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (3.8%). 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 61858
Population: 2,716
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 61858
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 844 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does house hacking make sense in Oakwood, IL?
House hacking works a challenging in Oakwood, IL. Rents of $855/mo against $176K acquisition make the strategy solid for owner-occupants.
What kind of vacancy should I budget for in Oakwood, IL?
Oakwood, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the median home value in Oakwood, IL?
Typical homes in Oakwood, IL go for around $176K. The 5-year CAGR of 0.0% consistent price movement.
What is it like being a landlord in Oakwood, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Oakwood generally follows the statewide framework, so landlords face reasonable operating rules.
Should investors consider Oakwood, IL?
With a 3.0/5 investability score, Oakwood, IL ranks as a solid market for rental property investors. Median prices of $176K and rents of $855/mo drive the underlying numbers.
You know 61858 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61858 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 61858 ranks in Danville, IL
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