Illinois

Carroll County

ZIP 61051

15,621 residents23 permits TTM$60,871 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$113,500

ACS 5-Year

Cap rate proxy

8.3%

FMR × 0.65 ÷ Home Value

Rent-to-income

15.5%

HUD FMR ÷ ACS HHI

Net migration

+1.13%

IRS SOI

Permits (TTM)

23

Census BPS

Climate risk

39.0

FEMA NRI (0–100)

ZIP 61051

Median home value

$143,118

Gross yield

7.7%

Cap rate

6.6%

Rent gap

14.4%

Affordability

P/I: 2.4R/I:

Section 8 detail

SAFMR: $916Rent: $784Gap: 16.8%
ZIP code breakdown7 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
61014$143,494$9167.7%6.6%14.4%
61046$308,303$9163.6%3.1%14.4%
61051$143,118$9167.7%6.6%14.4%
61053$142,812$9167.7%6.6%14.4%
61074$91,348$91612.0%10.3%14.4%

Ranked by composite score

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Demographics

Owner-occupied

77.8%

Census ACS

Vacancy rate

20.9%

Census ACS

Bachelor's degree +

18.2%

Census ACS

Rent burdened

35.7%

Census ACS (>30% income)

Median age

44.9

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026