Is Coles County, IL good for real estate investing?

Coles County has an investment score of 77/100, rated as "Strong Buy". The county ranks #22 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Coles?

The rent-to-price ratio in Coles County is 7.58% annually, which ranks in the 87th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Coles?

The median home price in Coles County is $133,496. This ranks #43 in affordability among all US counties.

Can you cash flow on rental properties in Coles?

Based on median values with 20% down at current rates, a typical rental in Coles County would generate negative cash flow of $151/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Coles County

IllinoisPopulation: 47,076

/100

Strong Buy

#22 of 1,000 counties

#32 in Illinois (102 counties)

Market Snapshot

$133,496

Median Home Price

51% below national median

$844/mo

Median Rent

44% below national median

7.58%

Rent-to-Price Ratio

Top 13% nationally

-$151

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$133,496

Down Payment (20%)$26,699

Loan Amount$106,797

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$844

Monthly P&I-$700

Est. Expenses (35%)-$295

Net Cash Flow-$151/mo

4.9%

Cap Rate (all cash)

-5.9%

Cash-on-Cash Return

7.58%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

77/100

Cash Flow(30%)

76/100

Based on 7.58% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

93/100

Based on 7.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

93/100

Price-to-income ratio of 2.5x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Above-average rent-to-price ratio (7.58%)
+Strong price appreciation (+7.4% YoY)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative leverage (cap rate 4.9% < mortgage rate 6.9%)

Economic Indicators

Population

47,076

Median Income

$53,732

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

2.5x

Very affordable

Compare to Nearby Counties

County					Verdict
MorganIL	78	$127,739	Est. pending	—	Strong Buy	View
CurrentColesIL	77	$133,496	$844	7.58%	Strong Buy
Saint ClairIL	77	$173,515	$1,220	8.44%	Strong Buy	View
Rock IslandIL	77	$151,597	$1,035	8.19%	Strong Buy	View
MonroeIL	76	$318,681	Est. pending	—	Strong Buy	View
ChristianIL	76	$124,806	Est. pending	—	Strong Buy	View

The Bottom Line

Strong BuyColes is a strong buy market with excellent fundamentals for buy-and-hold investors.

Coles County in Illinois scores 77/100, ranking #22 of 1,000 US counties (top 2%). The 7.58% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-151/mo

Cap Rate

4.9%

Cash-on-Cash

-5.9%

Ready to Analyze a Deal in Coles?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

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Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$133,496

Down Payment (20%)$26,699

Loan Amount$106,797

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$844

Monthly P&I-$700

Est. Expenses (35%)-$295

Net Cash Flow-$151/mo

4.9%

Cap Rate (all cash)

-5.9%

Cash-on-Cash Return

7.58%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

77/100

Cash Flow(30%)

76/100

Based on 7.58% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

93/100

Based on 7.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

93/100

Price-to-income ratio of 2.5x. Lower ratios indicate more affordable markets.

Compare to Nearby Counties

County					Verdict
MorganIL	78	$127,739	Est. pending	—	Strong Buy	View
CurrentColesIL	77	$133,496	$844	7.58%	Strong Buy
Saint ClairIL	77	$173,515	$1,220	8.44%	Strong Buy	View
Rock IslandIL	77	$151,597	$1,035	8.19%	Strong Buy	View
MonroeIL	76	$318,681	Est. pending	—	Strong Buy	View
ChristianIL	76	$124,806	Est. pending	—	Strong Buy	View

The Bottom Line

Strong BuyColes is a strong buy market with excellent fundamentals for buy-and-hold investors.

Coles County in Illinois scores 77/100, ranking #22 of 1,000 US counties (top 2%). The 7.58% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-151/mo

Cap Rate

4.9%

Cash-on-Cash

-5.9%