Real Estate Investing in Carrollton, Illinois (62016)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62016 (Carrollton, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Carrollton, IL (62016)?
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Market Analysis: 62016 Carrollton
Not every below-median market is a bargain. Carrollton's 62016 ZIP stands at signals that favor experienced operators who can absorb the risk $152K pricing implies.
The investment case in 62016 is durable only for operators who understand what they are buying. A $152K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Carrollton have seen price recovery that 62016 has not matched. Greene County data supports the view that the spread is structural rather than temporary.
Resident income in 62016 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 62016 is an operator game, not a passive one. From a cash-flow lens, entry prices of $152K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Carrollton:
Market Trends
Home Value History (with trend line)
📊 How Does 62016 Compare?
| Metric | 62016 | Carrollton | Illinois |
|---|---|---|---|
| Home Value | $151,527 | $151,527 | $279,761 |
| 5-Year CAGR | 4.2% | 4.2% | 6.6% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 5.1% | 5.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62016 (Carrollton, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $151,527 |
| Monthly Rent | $981 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 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 (5.1%). 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 62016
Population: 3,650
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 62016
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.
Frequently Asked Questions
How deep is the rental pool in Carrollton, IL?
Expect a solid tenant pool in Carrollton, IL. The rental market absorbs $981/mo rents without meaningful friction.
Is Carrollton, IL good for landlords?
For rental operators, Carrollton, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What strategy should investors use in Carrollton, IL?
A careful cash-flow rentals with hands-on management strategy Carrollton, IL best. The market produces even-keeled results for that approach at the $152K price point.
What are vacancy rates like in Carrollton, IL?
Vacancy in Carrollton, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $981/mo.
Is Carrollton, IL good for house hacking?
House hacking in Carrollton, IL is a challenging. With home values around $152K and rents at $981/mo, owner-occupants can offset a meaningful share of PITI.
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