Real Estate Investing in Lovington, Illinois (61937)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61937 (Lovington, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lovington, IL (61937)?
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Market Analysis: 61937 Lovington
The 61937 ZIP in Lovington, IL is a local-operator market. Outside capital chasing a $161K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 61937 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 61937 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 61937 includes headwinds that any investor should price in. Income distribution skews lower than Lovington averages, and tenant stability requires active management.
The 61937 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lovington:
Market Trends
Home Value History (with trend line)
📊 How Does 61937 Compare?
| Metric | 61937 | Lovington | Illinois |
|---|---|---|---|
| Home Value | $160,975 | $160,975 | $279,761 |
| 5-Year CAGR | 8.4% | 8.4% | 6.6% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61937 (Lovington, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,975 |
| Monthly Rent | $882 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +14.1% ▲ |
| 3-Year CAGR | +10.1% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (4.3%). 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 61937
Population: 1,785
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 61937
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
Is rental property easy to operate in Lovington, IL?
Landlord-friendliness in Lovington, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the tenant pool like in Lovington, IL?
Expect a solid tenant pool in Lovington, IL. The rental market absorbs $882/mo rents without meaningful friction.
Can I live-in-and-rent in Lovington, IL?
The house hack math a challenging in Lovington, IL. Owner-occupant buyers benefit from the $882/mo rents and $161K home values.
Which real estate strategy fits Lovington, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lovington, IL. The numbers - $161K homes against $882/mo rents - support that play.
How expensive is real estate in Lovington, IL?
The median home value in Lovington, IL is roughly $161K. That puts it reasonable relative to the IL statewide average.
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