Real Estate Investing in Kenney, Illinois (61749)
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Should you buy in 61749 (Kenney, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
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.
• 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 Kenney, IL (61749)?
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Market Analysis: 61749 Kenney
ZIP 61749 inside Dewitt County looks affordable on the surface — median value of $130K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 61749 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IL, ZIP 61749 trails on several market indicators that neighboring Dewitt County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Demographically, 61749 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 Kenney:
Market Trends
Home Value History (with trend line)
📊 How Does 61749 Compare?
| Metric | 61749 | Kenney | Illinois |
|---|---|---|---|
| Home Value | $130,344 | $130,344 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 5.1% | 5.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61749 (Kenney, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $130,344 |
| Monthly Rent | $855 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (5.1%). 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 61749
Population: 619
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What kind of market is Kenney, IL for investors?
Investors tracking Kenney, IL will find a 2.0/5 rating supported by $130K median home values and $855/mo rents. That profile suits long-term holders targeting reliable returns.
How high is vacancy risk in Kenney, IL?
Kenney, IL carries elevated vacancy risk. Expect steady absorption at market rents of $855/mo.
What do rentals go for in Kenney, IL?
Average rent in Kenney, IL is approximately $855/mo per month. Against $130K home values that yields a reasonable rent-to-price ratio.
Is Kenney, IL good for house hacking?
The house hack math a challenging in Kenney, IL. Owner-occupant buyers benefit from the $855/mo rents and $130K home values.
How strong is the working-renter base in Kenney, IL?
Tenant demand in Kenney, IL is solid. The local workforce $855/mo rents across most rental classes.
You know 61749 now. You don’t know where it ranks.
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