Real Estate Investing in Savoy, Illinois (61874)
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Should you buy in 61874 (Savoy, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
What’s happening in Savoy, IL (61874)?
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Market Analysis: 61874 Savoy
The 61874 ZIP covers a section of Savoy that demands careful diligence. Prices near $362K look accessible, but the work to make a deal cash flow is real.
The investment case in 61874 is substantial only for operators who understand what they are buying. A $362K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IL, ZIP 61874 trails on several market indicators that neighboring Champaign County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
The demographic picture in 61874 includes headwinds that any investor should price in. Income distribution skews lower than Savoy averages, and tenant stability requires active management.
The right play in 61874 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 Savoy:
Property Strategy for 61874
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $189,728 | $1,020 | 3.9% | +7.3% | $94,864 |
| 3BR | $289,236 | $1,310 | 3.3% | +7.6% | $96,412 |
| 4BR | $395,755 | $1,350 | 2.5% | +6.6% | $98,939 |
| 5BR | $473,619 | — | — | +5.5% | $94,724 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 61874 Compare?
| Metric | 61874 | Savoy | Champaign-Urbana, IL | Illinois |
|---|---|---|---|---|
| Home Value | $362,031 | $362,031 | N/A | $279,761 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.6% |
| Avg Rent | $1,505 | $1,505 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 61874 (Savoy, IL). Anonymous, moderated, never written by AI.
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Property managers serving Champaign County
Manage rentals here? List your business →Community Property Management offers quality and affordable apartments in Champaign-Urbana, including renovated units and various communities like 217 Neil and Hessel on the Park. summary from their website
Zindars Property Management offers property management services in Champaign & Urbana. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $362,031 |
| Monthly Rent | $1,505 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | +15.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 61874
Population: 8,602
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 61874
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 3,857 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Savoy, IL?
Yes - Savoy, IL a 3.0/5 investability score. With $362K home prices against $1,505/mo monthly rent, the market delivers a reasonable entry point for new investors.
What type of investing works in Savoy, IL?
Most investors in Savoy, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What are vacancy rates like in Savoy, IL?
Savoy, IL carries elevated vacancy risk. Expect predictable absorption at market rents of $1,505/mo.
What price range are homes in Savoy, IL?
Homes in Savoy, IL typically sell near $362K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
Is Savoy, IL a good market for FHA house hackers?
The house hack math a challenging in Savoy, IL. Owner-occupant buyers benefit from the $1,505/mo rents and $362K home values.
You know 61874 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61874 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 61874 ranks in Champaign-Urbana, IL
Every ZIP in this metro, ranked. Free.
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