Real Estate Investing in Oakland, Illinois (61919)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61919 (Oakland, 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.
- High vacancy: 21.2% 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 Oakland, IL (61919)?
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Market Analysis: 61919 Oakland
This part of Douglas County is not an easy win. The 61919 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $828/mo on a $193K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61919 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 61919 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 61919 ZIP's population of 689 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
New investors are better served looking at Oakland's stable or hybrid ZIPs before stepping into 61919. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Oakland:
Market Trends
Home Value History (with trend line)
📊 How Does 61919 Compare?
| Metric | 61919 | Oakland | Illinois |
|---|---|---|---|
| Home Value | $192,609 | $165,942 | $279,761 |
| 5-Year CAGR | 7.5% | 6.6% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.4% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61919 (Oakland, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,609 |
| Monthly Rent | $828 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 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 (3.4%). 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 61919
Population: 689
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
Frequently Asked Questions
Is housing expensive in Oakland, IL?
Oakland, IL home values average about $193K. That price point suits investors targeting rentals with $828/mo in monthly income.
How do landlord-tenant laws work in Oakland, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Oakland generally follows the statewide framework, so landlords face reasonable operating rules.
Is Oakland, IL suited for a house hack?
The a challenging house-hack environment in Oakland, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What monthly rent should investors expect in Oakland, IL?
Average rent in Oakland, IL is approximately $828/mo per month. Against $193K home values that yields a reasonable rent-to-price ratio.
What kind of tenants rent in Oakland, IL?
Tenant quality in Oakland, IL ranks as solid. Landlords generally report consistent occupancy at market rents of $828/mo.
You know 61919 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61919 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.
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