Real Estate Investing in Raymond, Illinois (62560)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62560 (Raymond, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Raymond, IL (62560)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62560 Raymond
The 62560 ZIP in Raymond, IL is a local-operator market. Outside capital chasing a $174K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $174K asset, 62560 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 62560 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 62560 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 62560 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Raymond:
Market Trends
Home Value History (with trend line)
📊 How Does 62560 Compare?
| Metric | 62560 | Raymond | Illinois |
|---|---|---|---|
| Home Value | $174,081 | $174,081 | $279,761 |
| 5-Year CAGR | 8.0% | 8.0% | 6.6% |
| Avg Rent | $954 | $954 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62560 (Raymond, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $174,081 |
| Monthly Rent | $954 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +14.9% ▲ |
| 3-Year CAGR | +10.1% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (4.3%). 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 62560
Population: 1,489
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 62560
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 Raymond, IL?
Yes - Raymond, IL a 3.0/5 investability score. With $174K home prices against $954/mo monthly rent, the market delivers a reasonable entry point for new investors.
How deep is the rental pool in Raymond, IL?
The tenant pool in Raymond, IL is solid, supported by local employment and population fundamentals. Rents of $954/mo are well-absorbed by the market.
How much rent can I charge in Raymond, IL?
Rents in Raymond, IL run near $954/mo. Compared with median home prices of $174K that produces solid gross yields for typical rentals.
How tight is the rental market in Raymond, IL?
Vacancy risk in Raymond, IL is elevated. That supports even-keeled cash flow for typical rental holds.
Does house hacking work in Raymond, IL?
House hacking works a challenging in Raymond, IL. Rents of $954/mo against $174K acquisition make the strategy solid for owner-occupants.
You know 62560 now. You don’t know where it ranks.
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