Real Estate Investing in Weldon, Illinois (61882)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61882 (Weldon, 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: 8.8% 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 Weldon, IL (61882)?
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Market Analysis: 61882 Weldon
The 61882 ZIP covers a section of Weldon that demands careful diligence. Prices near $138K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $138K asset, 61882 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IL picture, 61882 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 61882 includes headwinds that any investor should price in. Income distribution skews lower than Weldon averages, and tenant stability requires active management.
Strategically, 61882 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 Weldon:
Market Trends
Home Value History (with trend line)
📊 How Does 61882 Compare?
| Metric | 61882 | Weldon | Champaign-Urbana, IL | Illinois |
|---|---|---|---|---|
| Home Value | $138,168 | $138,168 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61882 (Weldon, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $138,168 |
| Monthly Rent | $972 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 18.9% |
📈 Home Appreciation
| 1-Year | +13.4% ▲ |
| 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 (5.5%). 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 61882
Population: 714
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 61882
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
Do landlords face vacancy issues in Weldon, IL?
Expect elevated vacancy in Weldon, IL. Rents at $972/mo are absorbed by the tenant base without meaningful lag.
How strong is tenant demand in Weldon, IL?
Weldon, IL draws a consistent base of working renters. Demand at the $972/mo rent level is reasonable for standard single-family and small multi rentals.
What real estate strategy is ideal for Weldon, IL?
For Weldon, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are landlord laws favorable in Weldon, IL?
Rental owners in Weldon, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are rents high in Weldon, IL?
Rents in Weldon, IL run near $972/mo. Compared with median home prices of $138K that produces solid gross yields for typical rentals.
You know 61882 now. You don’t know where it ranks.
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