Real Estate Investing in Quincy, Illinois
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in Quincy, IL? Our answer, based on the numbers below.
For Homebuyers
MIXED
Grade C (63/100)
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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
1 flag
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
What’s happening in Quincy, IL?
Click any question — our AI will research it live from the web and show you sources.
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
Avg Investability
★★★★★
Avg Home Value
$205,710
Avg Monthly Rent
$1,142
ZIP Codes
2
Market Trends — Quincy, IL
Home Value History
Rent History
Local Pulse Report
AI-researched developments and news for Quincy, IL. Updated on demand as visitors ask.
Growth & development in Quincy, IL Updated 132 days ago
Quincy, IL is experiencing significant economic growth with numerous new businesses and substantial infrastructure improvements underway.
Opportunities
- Adams County saw 47 new businesses open, strengthening economic diversity and creating jobs as of January 2026. — This expands consumer choice and creates new employment opportunities for residents. Great River Economic Development
- Knapheide Manufacturing is undergoing a 117,000-square-foot expansion of its plant in Quincy, including new office space and a 100-vehicle parking lot. — This expansion supports growing production needs and creates new jobs for the workforce. The Korte Company
- The Illinois Department of Transportation announced an almost $15 million improvement project on Broadway Street in Quincy, including resurfacing and ADA improvements, starting late 2025. — These improvements enhance transportation infrastructure and accessibility for all modes of travel. Illinois Department of Transportation
- The City of Quincy awarded a $1.88 million contract for the Jackson Street Reconstruction Project, including pavement, sanitary sewer, and watermain replacement, in March 2026. — This project improves vital city infrastructure, enhancing reliability and public services. Civic IQ
- A $240 million project at the Illinois Veterans Home at Quincy includes a new 210-bed skilled-nursing facility and an 80-bed independent-living building. — This expands care and housing options for veterans and their spouses, improving quality of life. Alberici Constructors
Concerns
- The Broadway Street improvement project is expected to cause traffic delays and limited access to side streets for about a year. — Construction causes temporary inconvenience and potential increased travel times for motorists. Illinois Department of Transportation
- State Street between S. 24th and S. 30th was closed for water main repair in April 2026. — Road closures disrupt traffic flow and may require detours for residents. City of Quincy, IL
Bottom line: Quincy is experiencing a period of significant investment in both new businesses and public infrastructure, indicating a growing local economy.
Local news & events in Quincy, IL Updated 132 days ago
{ "summary": "Quincy has seen a rise in community events and efforts to address housing and nuisance properties, alongside ongoing concerns about public health and water quality.", "positives": [ { "fact": "The Quincy Medical Group Foundation's B
{ "summary": "Quincy has seen a rise in community events and efforts to address housing and nuisance properties, alongside ongoing concerns about public health and water quality.", "positives": [ { "fact": "The Quincy Medical Group Foundation's B
Schools in Quincy, IL Updated 132 days ago
Quincy Public Schools has seen significant facility projects and a recent bond measure rejection, alongside a change in district leadership and ongoing program development.
Opportunities
- The Dr. Rick DeCristofaro Learning Center, a new school for Pre-Kindergarten through Grade 8 students needing significant support, is anticipated to open in Fall 2024. — This expands specialized educational opportunities for students with high needs. Quincy Public Schools
- Quincy Public Schools adopted new Literacy and Math Curricula in April 2024 for K-5, along with implementing the Ron Clark House System. — These updates aim to improve foundational academic skills and foster positive school culture. QPS District Improvement Plan
- The Massachusetts School Building Authority (MSBA) accepted Squantum Elementary School into its Core Program in Spring 2021, leading to a feasibility study for major renovation or reconstruction. — This partnership provides significant state funding for modernizing an aging school facility. Quincy Public Schools
- Quincy Public Schools hired Dr. Larry D. Gray II as the new Superintendent, effective July 1, 2026, bringing extensive educational leadership experience. — New leadership can bring fresh perspectives and drive district-wide improvements. KHQA News
Concerns
- Quincy Community Schools voters rejected a $60 million bond proposal on May 5, 2026, which would have funded facility improvements and addressed critical repair needs. — This decision delays necessary infrastructure upgrades and safety enhancements across the district. WTHD
- Open Enrollment for the 2026-2027 school year is expected to be extremely limited for all grades at Atlantic, Central, and South~West Middle Schools, and Quincy and North Quincy High Schools due to building capacity. — Limited open enrollment restricts student and family choice in school placement. Quincy Public Schools
- The district projects a fund deficit by the end of fiscal year 2027-28, leading to community engagement on funding and deficit reduction options. — Potential financial shortfalls could lead to cuts in programs or services, impacting student opportunities. QPS District Improvement Plan
Bottom line: Quincy Public Schools is advancing with new specialized learning centers and curriculum updates, but faces challenges with a rejected bond measure for broader facility improvements and projected budget deficits.
Civic & policy in Quincy, IL Updated 132 days ago
Quincy is considering significant housing reforms and has seen various city council decisions, while Illinois state-level tax and zoning changes also impact residents.
Opportunities
- Quincy is exploring housing reforms, including reducing parking minimums and allowing duplexes, to increase housing supply and affordability. — These changes could lead to more diverse and affordable housing options for residents. Illinois Policy
- The City Council approved a special permit for two 2 MWac solar farms at 2815 Ellington Road in December 2024. — This promotes renewable energy development and potentially offers local energy benefits. Quincy City Council Agenda
- Illinois' 2025 Tax Delinquency Amnesty Act allows taxpayers to pay outstanding state tax liabilities without penalties or interest for eligible periods. — This provides a financial relief opportunity for individuals and businesses with past tax obligations. Illinois Policy, RSM US
- A state bill (SB 3449) formalizing mobile IDs and prohibiting law enforcement from physically taking phones for verification passed the Senate in April 2026. — This enhances privacy and security for individuals using digital identification. Illinois State Senator Bill Cunningham
Concerns
- A proposed rental regulation initiative (Q-RILE) on the March 2025 ballot would require landlords to register and have properties graded for a $33 annual fee per property. — Opponents argue this could lead to higher rents for tenants and increased costs for landlords. KHQA
- Quincy is pushing back against proposed statewide zoning laws from Governor Pritzker, citing concerns about loss of local control. — This could limit the city's ability to tailor zoning to local needs and resident objections. KHQA
- Illinois' gasoline tax increased by 3.3 cents per gallon on July 1, 2025, reaching 48.3 cents per gallon. — This directly increases transportation costs for residents and businesses. Illinois Policy
- Effective July 1, 2025, Illinois began collecting taxes on lease payments of tangible personal property, which can complicate local tax rules. — This could lead to increased costs for leased goods and services, and administrative burdens for businesses. Illinois Policy
Bottom line: Quincy is actively addressing housing and local development, while state-level tax and zoning changes present both opportunities and potential new costs for residents.
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
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Landlord Ground Truth
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Avg Home Value
$205,710
Avg Monthly Rent
$1,142
1% Rule
✗ Below
Landlord Friendly (IL)
★★★★★
🎓 Colleges & Universities in Quincy
4 Colleges
3,383 Students
837 Off-Campus Renters
C+
Vocational For-Profit · 42 students
C
2-Year Public · 1,866 students
📍 ~837 students rent off-campus
C
4-Year Private · 1,280 students
C
4-Year Private · 195 students
Investor Insight: With 837 students living off-campus, Quincy has substantial rental demand from the college population — typically stable, lease-renewing tenants.
ZIP Codes in Quincy, IL
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View PlansFrequently Asked Questions About Quincy, IL
What kind of vacancy should I budget for in Quincy, IL?
Quincy, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How qualified is the tenant pool in Quincy, IL?
Expect a solid tenant pool in Quincy, IL. The rental market absorbs $1,142/mo rents without meaningful friction.
Does Quincy, IL favor landlords or tenants?
Quincy, IL operates under IL law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
Are rents high in Quincy, IL?
Rents in Quincy, IL run near $1,142/mo. Compared with median home prices of $206K that produces solid gross yields for typical rentals.
Does house hacking work in Quincy, IL?
House hacking works a challenging in Quincy, IL. Rents of $1,142/mo against $206K acquisition make the strategy solid for owner-occupants.
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