Real Estate Investing in Irving, Illinois (62051)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62051 (Irving, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Higher unemployment: 9.3% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Irving, IL (62051)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62051 Irving
Investors eyeing 62051 need to respect the fundamentals at play. Home values of $160K come alongside slower price movement and elevated management overhead.
The investment case in 62051 is impressive only for operators who understand what they are buying. A $160K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Irving have seen price recovery that 62051 has not matched. Montgomery County data supports the view that the spread is structural rather than temporary.
The 62051 ZIP's population of 735 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The right play in 62051 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Irving:
Market Trends
Home Value History (with trend line)
📊 How Does 62051 Compare?
| Metric | 62051 | Irving | Illinois |
|---|---|---|---|
| Home Value | $159,820 | $159,820 | $279,761 |
| 5-Year CAGR | 6.1% | 6.1% | 6.6% |
| Avg Rent | $1,026 | $1,026 | - |
| Cap Rate | 5.0% | 5.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62051 (Irving, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 62051 (Irving, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $159,820 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 13.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +28.0% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (5.0%). 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 62051
Population: 735
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
Is housing expensive in Irving, IL?
Irving, IL home values average about $160K. That price point suits investors targeting rentals with $1,026/mo in monthly income.
Are tenants stable in Irving, IL?
Irving, IL draws a steady base of working renters. Demand at the $1,026/mo rent level is reasonable for standard single-family and small multi rentals.
Is Irving, IL better for rentals, flips, or BRRRR?
Irving, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($160K prices, $1,026/mo rents) make it a reasonable choice.
What does house hacking look like in Irving, IL?
The a challenging house-hack environment in Irving, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What kind of vacancy should I budget for in Irving, IL?
Irving, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 62051 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62051 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 62051 (Irving)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 62051 (Irving, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.