Real Estate Investing in Waggoner, Illinois

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

1 ZIP codes • Population: 486 • Macoupin County

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

🏠 For Homebuyers
GOOD FIT
Grade B (78/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 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: 9.1% vacancy may signal weakening demand.
  • Higher unemployment: 10.2% unemployment — tenant risk signal.

What’s happening in Waggoner, IL?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.2% 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 $155,485
Avg Monthly Rent $828
ZIP Codes 1

Investing in Waggoner Real Estate

Waggoner 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.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Waggoner is in that category.

Transaction volume in Waggoner has thinned in a way that amplifies price discovery risk. Meanwhile, investors without local context should treat every number on the page with skepticism.

Waggoner's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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 St. Louis, MO-IL

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Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Avg Home Value
$155,485
Avg Monthly Rent
$828
1% Rule
✗ Below
Landlord Friendly (IL)

ZIP Codes in Waggoner, IL

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Filter Waggoner’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 Waggoner, IL

Where do rents currently stand in Waggoner, IL?

Investors in Waggoner, IL typically see rents near $828/mo per month against $155K home values - a solid setup for rental cash flow.

What real estate strategy is ideal for Waggoner, IL?

Waggoner, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($155K prices, $828/mo rents) make it a reasonable choice.

Is Waggoner in IL worth investing in?

Investors tracking Waggoner, IL will find a 3.0/5 rating supported by $155K median home values and $828/mo rents. That profile suits long-term holders targeting steady returns.

Are there empty rentals in Waggoner, IL?

Waggoner, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.

How much should I expect to pay for a home in Waggoner, IL?

Typical homes in Waggoner, IL go for around $155K. The 5-year CAGR of 0.0% even-keeled price movement.

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