Real Estate Investing in Newman, Illinois (61942)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61942 (Newman, 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.
- High vacancy: 19.2% 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 Newman, IL (61942)?
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Market Analysis: 61942 Newman
The 61942 ZIP covers a section of Newman that demands careful diligence. Prices near $106K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 61942 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Newman have seen price recovery that 61942 has not matched. Douglas County data supports the view that the spread is structural rather than temporary.
A resilient renter share of 9% in 61942 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 61942 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 Newman:
Property Strategy for 61942
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $69,083 | $920 | 9.6% | +13.2% | $34,542 |
| 3BR | $120,816 | $1,240 | 7.4% | +12.1% | $40,272 |
Market Trends
Home Value History (with trend line)
📊 How Does 61942 Compare?
| Metric | 61942 | Newman | Illinois |
|---|---|---|---|
| Home Value | $106,255 | $106,255 | $279,761 |
| 5-Year CAGR | 11.9% | 11.9% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 6.1% | 6.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61942 (Newman, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $106,255 |
| Monthly Rent | $828 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.4% |
| Cap Rate | 6.1% |
| 5-Year IRR | 18.0% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +12.6% ▲ |
| 5-Year CAGR | +11.9% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (6.1%). 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 61942
Population: 1,031
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
What are vacancy rates like in Newman, IL?
Vacancy in Newman, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $828/mo.
How much is rent in Newman, IL?
Newman, IL rentals go for roughly $828/mo a month. That puts gross yield in solid territory relative to $106K acquisition costs.
What is the typical renter like in Newman, IL?
Tenant quality in Newman, IL ranks as solid. Landlords generally report even-keeled occupancy at market rents of $828/mo.
Does house hacking work in Newman, IL?
House hacking in Newman, IL is reasonable to execute. Prices around $106K and rents of $828/mo solid owner-occupant economics.
Which real estate strategy fits Newman, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Newman, IL. The numbers - $106K homes against $828/mo rents - support that play.
You know 61942 now. You don’t know where it ranks.
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