Real Estate Investing in Cerro Gordo, Illinois (61818)
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Should you buy in 61818 (Cerro Gordo, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cerro Gordo, IL (61818)?
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Market Analysis: 61818 Cerro Gordo
Not every below-median market is a bargain. Cerro Gordo's 61818 ZIP reflects signals that favor experienced operators who can absorb the risk $150K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $150K asset, 61818 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 61818 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 61818 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 61818 is an operator game, not a passive one. Meanwhile, entry prices of $150K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cerro Gordo:
Market Trends
Home Value History (with trend line)
📊 How Does 61818 Compare?
| Metric | 61818 | Cerro Gordo | Champaign-Urbana, IL | Illinois |
|---|---|---|---|---|
| Home Value | $150,282 | $150,282 | N/A | $279,761 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 6.6% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 5.2% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61818 (Cerro Gordo, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,282 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.2% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (5.2%). 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 61818
Population: 1,608
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 61818
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
Frequently Asked Questions
What is the investability score for Cerro Gordo, IL?
Yes - Cerro Gordo, IL a 3.0/5 investability score. With $150K home prices against $1,008/mo monthly rent, the market delivers a reasonable entry point for new investors.
What do rentals go for in Cerro Gordo, IL?
Average rent in Cerro Gordo, IL is approximately $1,008/mo per month. Against $150K home values that yields a reasonable rent-to-price ratio.
What strategy should investors use in Cerro Gordo, IL?
A careful cash-flow rentals with hands-on management strategy Cerro Gordo, IL best. The market produces steady results for that approach at the $150K price point.
What are vacancy rates like in Cerro Gordo, IL?
Vacancy in Cerro Gordo, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,008/mo.
What are home prices like in Cerro Gordo, IL?
Median home price in Cerro Gordo, IL is near $150K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 61818 now. You don’t know where it ranks.
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How 61818 ranks in Champaign-Urbana, IL
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