Real Estate Investing in Chrisman, Illinois (61924)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61924 (Chrisman, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chrisman, IL (61924)?
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Market Analysis: 61924 Chrisman
The 61924 ZIP in Chrisman, IL is a local-operator market. Outside capital chasing a $123K entry has to pair deep knowledge with the discount.
Rent of $828/mo on a $123K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61924 sits below the stated 0.0% once reality is priced in.
ZIP 61924's metrics run below Edgar County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Looking more closely, 2,286 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 61924 is an operator game, not a passive one. Stepping back, entry prices of $123K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Chrisman:
Market Trends
Home Value History (with trend line)
📊 How Does 61924 Compare?
| Metric | 61924 | Chrisman | Illinois |
|---|---|---|---|
| Home Value | $122,898 | $122,898 | $279,761 |
| 5-Year CAGR | 3.3% | 3.3% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.3% | 5.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61924 (Chrisman, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $122,898 |
| Monthly Rent | $828 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +16.3% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +1.5% ▲ |
🏠 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 (5.3%). 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 61924
Population: 2,286
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 61924
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
What is the average monthly rent in Chrisman, IL?
Expect rents around $828/mo per month in Chrisman, IL. With home values at $123K, the yield math works out to reasonable levels for rental investors.
What kind of vacancy should I budget for in Chrisman, IL?
Chrisman, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Should investors consider Chrisman, IL?
The 3.0/5 investability rating in Chrisman, IL reflects its $123K prices and $828/mo rents. Investors generally consider it a solid option within IL.
What is the best play in Chrisman, IL?
For Chrisman, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the median home value in Chrisman, IL?
Typical homes in Chrisman, IL go for around $123K. The 5-year CAGR of 0.0% even-keeled price movement.
You know 61924 now. You don’t know where it ranks.
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