Real Estate Investing in Hamilton, Illinois

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 3,439 • Hancock County

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

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
MIXED
3.0 / 5 (52/100)

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
2 flags
  • Elevated vacancy: 10.9% vacancy may signal weakening demand.
  • Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).

What’s happening in Hamilton, IL?

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3.0/ 5

Investability

Citywide average

1.0/ 5

Appreciation

0.9% 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 $117,855
Avg Monthly Rent $891
ZIP Codes 1

Investing in Hamilton Real Estate

Across Hamilton's 1 ZIPs, the picture is sluggish: $118K median values, $891/mo rents, and a population that has faced real economic pressure.

Hamilton is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. clearly out-of-state investors should be especially careful with the assumptions they carry in.

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

Demographics in Hamilton show real pressure — median income of $N/AK is sluggish relative to rents, and the 0% renter share includes significant cost-burdened households.

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 Fort Madison-Keokuk, IA-IL-MO

Hamilton 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
$117,855
Avg Monthly Rent
$891
1% Rule
✗ Below
Landlord Friendly (IL)

ZIP Codes in Hamilton, IL

Screen every ZIP in Hamilton

Filter Hamilton’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 Hamilton, IL

How expensive is real estate in Hamilton, IL?

Homes in Hamilton, IL typically sell near $118K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.

How quickly do rentals get leased in Hamilton, IL?

Vacancy in Hamilton, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $891/mo.

Are eviction rules reasonable in Hamilton, IL?

Hamilton, IL operates under IL law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.

What are rental rates like in Hamilton, IL?

Rents in Hamilton, IL run near $891/mo. Compared with median home prices of $118K that produces solid gross yields for typical rentals.

Does house hacking work in Hamilton, IL?

For house hackers, Hamilton, IL is a challenging. The $891/mo rent on a unit helps defray the mortgage on a $118K property.

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