Real Estate Investing in Coffeen, Illinois (62017)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62017 (Coffeen, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.5% 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 Coffeen, IL (62017)?
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Market Analysis: 62017 Coffeen
The 62017 ZIP covers a section of Coffeen that demands careful diligence. Prices near $132K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62017 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 62017 sits on the difficult end of the IL spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
A substantial renter share of 16% in 62017 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 62017 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 Coffeen:
Market Trends
Home Value History (with trend line)
📊 How Does 62017 Compare?
| Metric | 62017 | Coffeen | Illinois |
|---|---|---|---|
| Home Value | $132,451 | $132,451 | $279,761 |
| 5-Year CAGR | 3.4% | 3.4% | 6.6% |
| Avg Rent | $1,035 | $1,035 | - |
| Cap Rate | 6.1% | 6.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62017 (Coffeen, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $132,451 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.4% |
| Cap Rate | 6.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 (6.1%). 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 62017
Population: 1,040
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 62017
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
Do rentals sit vacant long in Coffeen, IL?
Expect elevated vacancy in Coffeen, IL. Rents at $1,035/mo are absorbed by the tenant base without meaningful lag.
What is the smart move for investors in Coffeen, IL?
In Coffeen, IL the durable play is typically careful cash-flow rentals with hands-on management. The combination of $132K prices and $1,035/mo rents suits that approach.
What is the renter demographic in Coffeen, IL?
Coffeen, IL offers a predictable renter base at the $1,035/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are landlord laws favorable in Coffeen, IL?
Rental owners in Coffeen, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How does Coffeen, IL rate as a rental market?
Coffeen, IL rates 3.0/5 for investability. With median values at $132K and rents near $1,035/mo, the market offers reasonable fundamentals for rental investors.
You know 62017 now. You don’t know where it ranks.
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