Real Estate Investing in Astoria, Illinois (61501)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61501 (Astoria, 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.
- High vacancy: 20.8% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.8% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Astoria, IL (61501)?
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Market Analysis: 61501 Astoria
Investors eyeing 61501 need to respect the fundamentals at play. Home values of $83K come alongside slower price movement and elevated management overhead.
For an experienced owner, 61501 can be a a strong candidate for hunting ground — but the discount at $83K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Astoria have seen price recovery that 61501 has not matched. Fulton County data supports the view that the spread is structural rather than temporary.
Resident income in 61501 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Astoria's stable or hybrid ZIPs before stepping into 61501. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Astoria:
Market Trends
Home Value History (with trend line)
📊 How Does 61501 Compare?
| Metric | 61501 | Astoria | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $83,342 | $83,342 | N/A | $279,761 |
| 5-Year CAGR | 0.8% | 0.8% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 7.8% | 7.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61501 (Astoria, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $83,342 |
| Monthly Rent | $828 |
| Price-to-Rent | 8.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.9% |
| Cap Rate | 7.8% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +0.8% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.8%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 61501
Population: 1,612
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 61501
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
What is the typical rental rate in Astoria, IL?
Astoria, IL rentals go for roughly $828/mo a month. That puts gross yield in solid territory relative to $83K acquisition costs.
What approach is best for Astoria, IL real estate?
In Astoria, IL the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $83K prices and $828/mo rents suits that approach.
Is Astoria in IL worth investing in?
The 3.0/5 investability rating in Astoria, IL reflects its $83K prices and $828/mo rents. Investors generally consider it a solid option within IL.
What is the typical vacancy rate in Astoria, IL?
Vacancy risk in Astoria, IL is elevated. That supports even-keeled cash flow for typical rental holds.
Are tenants stable in Astoria, IL?
The renter base in Astoria, IL is reasonable for the $828/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 61501 now. You don’t know where it ranks.
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How 61501 ranks in Peoria, IL
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