Real Estate Investing in Roberts, Illinois (60962)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60962 (Roberts, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.1% of homes vacant — above national norms.
- Elevated poverty: 22.1% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Roberts, IL (60962)?
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Market Analysis: 60962 Roberts
ZIP 60962 in Roberts, IL carries a significant set of headwinds. Home values near $118K and rents of $963/mo sit inside a market where underwriting has to be tight.
Rent of $963/mo on a $118K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60962 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Roberts have seen price recovery that 60962 has not matched. Ford County data supports the view that the spread is structural rather than temporary.
Who lives in 60962 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. durable returns are possible in 60962, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Roberts:
Market Trends
Home Value History (with trend line)
📊 How Does 60962 Compare?
| Metric | 60962 | Roberts | Illinois |
|---|---|---|---|
| Home Value | $117,986 | $117,986 | $279,761 |
| 5-Year CAGR | 5.3% | 5.3% | 6.6% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 6.4% | 6.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60962 (Roberts, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $117,986 |
| Monthly Rent | $963 |
| Price-to-Rent | 10.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.4% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +13.6% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60962
Population: 617
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
Is Roberts, IL better for rentals, flips, or BRRRR?
Roberts, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($118K prices, $963/mo rents) make it a reasonable choice.
Are homes affordable in Roberts, IL?
Roberts, IL home values average about $118K. That price point suits investors targeting rentals with $963/mo in monthly income.
What monthly rent should investors expect in Roberts, IL?
Rental rates in Roberts, IL average $963/mo. Tenant demand and $118K home values make the yield look reasonable by investor standards.
Does house hacking make sense in Roberts, IL?
House hacking in Roberts, IL is reasonable to execute. Prices around $118K and rents of $963/mo solid owner-occupant economics.
Is Roberts, IL a good place for real estate investing?
Roberts, IL records an investability rating of 3.0/5, with median home values near $118K and average rents around $963/mo. That combination puts it in the robust tier for investor interest.
You know 60962 now. You don’t know where it ranks.
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