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Market MapGalesburg, IL
Metropolitan Area

Galesburg, IL

Illinois0
77
/100
Strong Buy
#57 of 894 metros
Top 6% nationally for investing

Market Snapshot

$119,882
Median Home Price
53% below national median
$861/mo
Median Rent
38% below national median
8.62%
Rent-to-Price Ratio
Top 6% nationally
-$69
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

20%
5%50%100%

Purchase

Purchase Price$119,882
Down Payment (20%)$23,976
Loan Amount$95,906
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$861
Monthly P&I-$628
Est. Expenses (35%)-$301
Net Cash Flow-$68/mo
5.6%
Cap Rate (all cash)
-3.0%
Cash-on-Cash Return
8.62%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.6% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
77/100
77
Cash Flow(30%)
86/100

Based on 8.62% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
75/100

Based on 17.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
100/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (8.62%)
  • +Strong price appreciation (+17.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative leverage (cap rate 5.6% < mortgage rate 6.9%)

Counties in Galesburg, IL

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Coffeyville, KS
Coffeyville, KS
85$101,366$86210.20%Strong BuyView
Blytheville, AR
Blytheville, AR
84$115,156$1,06411.08%Strong BuyView
Roanoke Rapids, NC
Roanoke Rapids, NC
84$107,523$1,07712.02%Strong BuyView
Enid, OK
Enid, OK
83$144,157$1,25010.40%Strong BuyView
Houghton, MI
Houghton, MI
83$194,696$1,73310.68%Strong BuyView
Current
Galesburg, IL
77$119,882$8618.62%Strong Buy

The Bottom Line

Strong BuyGalesburg, IL is a strong buy market with excellent fundamentals for buy-and-hold investors.

The Galesburg, IL metro area scores 77/100, ranking #57 of 894 US metros (top 6%). The 8.62% rent-to-price ratio exceeds the 1% rule target, suggesting strong cash flow potential across the metro.

Monthly Cash Flow
$-69/mo
Cap Rate
5.6%
Cash-on-Cash
-3.4%

Ready to Invest in Galesburg, IL?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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