Real Estate Investing in Sullivan, Illinois (61951)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61951 (Sullivan, 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.
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 Sullivan, IL (61951)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61951 Sullivan
From a cash-flow lens, ZIP 61951 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $201K median. It rewards specialists, not generalists.
For an experienced owner, 61951 can be a a strong candidate for hunting ground — but the discount at $201K reflects genuine risk that outside investors often underestimate.
From a cash-flow lens, 61951 offers a low basis, the region around Sullivan has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 61951 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.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Sullivan:
Property Strategy for 61951
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $113,386 | $980 | 6.2% | +5.8% | $56,693 |
| 3BR | $200,928 | $1,360 | 4.9% | +7.3% | $66,976 |
| 4BR | $269,227 | $1,640 | 4.4% | +7.1% | $67,307 |
Market Trends
Home Value History (with trend line)
📊 How Does 61951 Compare?
| Metric | 61951 | Sullivan | Illinois |
|---|---|---|---|
| Home Value | $200,736 | $200,736 | $279,761 |
| 5-Year CAGR | 7.4% | 7.4% | 6.6% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61951 (Sullivan, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $200,736 |
| Monthly Rent | $882 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +9.8% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 61951
Population: 7,654
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 61951
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
Which investment style suits Sullivan, IL?
A careful cash-flow rentals with hands-on management strategy Sullivan, IL best. The market produces steady results for that approach at the $201K price point.
Is the tenant base reliable in Sullivan, IL?
Tenant demand in Sullivan, IL is solid. The local workforce $882/mo rents across most rental classes.
What is the typical rental rate in Sullivan, IL?
Investors in Sullivan, IL typically see rents near $882/mo per month against $201K home values - a solid setup for rental cash flow.
What does house hacking look like in Sullivan, IL?
For house hackers, Sullivan, IL is a challenging. The $882/mo rent on a unit helps defray the mortgage on a $201K property.
Is vacancy a concern in Sullivan, IL?
Rental vacancy in Sullivan, IL is elevated. Investors should budget normal turnover but not chronic empty units.
You know 61951 now. You don’t know where it ranks.
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