Real Estate Investing in Carterville, Illinois

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1 ZIP codes • Population: 10,521 • Williamson County

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Should you buy in Carterville, IL? Our answer, based on the numbers below.

🏠 For Homebuyers
GREAT FIT
Grade A (86/100)

Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.

📈 For Investors
MIXED
3.0 / 5 (57/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Carterville, IL?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $198,926
Avg Monthly Rent $1,552
ZIP Codes 1

Investing in Carterville Real Estate

Carterville in Illinois is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Across Carterville's 1 ZIPs, fundamentals run thin: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Market conditions in Carterville are lackluster. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Population dynamics in Carterville haven't been supportive. a stretch for combined with thin income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Carbondale-Marion, IL

Carterville is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$198,926
Avg Monthly Rent
$1,552
1% Rule
✗ Below
Landlord Friendly (IL)

🎓 Colleges & Universities in Carterville

1 College 3,120 Students 611 Off-Campus Renters
C
John A Logan College
2-Year Public · 3,120 students
📍 ~611 students rent off-campus

Investor Insight: With 611 students living off-campus, Carterville has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Carterville, IL

Screen every ZIP in Carterville

Filter Carterville’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Carterville, IL

How expensive is real estate in Carterville, IL?

Median home price in Carterville, IL is near $199K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.

Is rental property easy to operate in Carterville, IL?

Landlord-friendliness in Carterville, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.

Which investment style suits Carterville, IL?

Investors usually favor careful cash-flow rentals with hands-on management in Carterville, IL. With home values at $199K and rents near $1,552/mo, other strategies can work but produce even-keeled rather than outsized returns.

Does a duplex house hack pencil in Carterville, IL?

The a challenging house-hack environment in Carterville, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

What kind of tenants rent in Carterville, IL?

Carterville, IL offers a predictable renter base at the $1,552/mo rent level. Tenant turnover is reasonable for well-managed properties.

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