Real Estate Investing in Pearl City, Illinois (61062)
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Should you buy in 61062 (Pearl City, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pearl City, IL (61062)?
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Market Analysis: 61062 Pearl City
ZIP 61062 in Pearl City, IL carries a sturdy set of headwinds. Home values near $222K and rents of $828/mo sit inside a market where underwriting has to be tight.
The 61062 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 61062 and stronger Pearl City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 61062 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 61062 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Pearl City:
Market Trends
Home Value History (with trend line)
📊 How Does 61062 Compare?
| Metric | 61062 | Pearl City | Freeport, IL | Illinois |
|---|---|---|---|---|
| Home Value | $222,320 | $222,320 | N/A | $279,761 |
| 5-Year CAGR | 9.1% | 9.1% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61062 (Pearl City, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $222,320 |
| Monthly Rent | $828 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +9.1% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 61062
Population: 1,881
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
🎓 Schools in 61062
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the investability score for Pearl City, IL?
Pearl City, IL stands at an investability rating of 3.0/5, with median home values near $222K and average rents around $828/mo. That combination puts it in the resilient tier for investor interest.
What is the best play in Pearl City, IL?
Pearl City, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($222K prices, $828/mo rents) make it a reasonable choice.
What monthly rent should investors expect in Pearl City, IL?
Rental rates in Pearl City, IL average $828/mo. Tenant demand and $222K home values make the yield look reasonable by investor standards.
Do landlords face vacancy issues in Pearl City, IL?
Rental vacancy in Pearl City, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Is Pearl City, IL landlord-friendly?
IL law landlord-friendly for landlords, and Pearl City inherits those rules. Investors should still review local ordinances for rental licensing.
You know 61062 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61062 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 61062 ranks in Freeport, IL
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Community Ratings
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