Real Estate Investing in Dorsey, Illinois (62021)
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Should you buy in 62021 (Dorsey, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dorsey, IL (62021)?
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Market Analysis: 62021 Dorsey
Not every below-median market is a bargain. Dorsey's 62021 ZIP stands at signals that favor experienced operators who can absorb the risk $300K pricing implies.
The investment case in 62021 is substantial only for operators who understand what they are buying. A $300K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Dorsey have seen price recovery that 62021 has not matched. Madison County data supports the view that the spread is structural rather than temporary.
Who lives in 62021 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 62021 is an operator game, not a passive one. On the rental side, entry prices of $300K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Dorsey:
Property Strategy for 62021
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $257,280 | $1,330 | 3.7% | +7.4% | $85,760 |
| 4BR | $304,671 | $1,610 | 3.8% | +4.6% | $76,168 |
Market Trends
Home Value History (with trend line)
📊 How Does 62021 Compare?
| Metric | 62021 | Dorsey | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $299,919 | $299,919 | N/A | $279,761 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.6% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 62021 (Dorsey, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $299,919 |
| Monthly Rent | $945 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +12.0% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.5%). 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 62021
Population: 1,127
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
🎓 Nearby Colleges & Universities
Investor Insight: With 2,909 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does house hacking work in Dorsey, IL?
House hacking works a challenging in Dorsey, IL. Rents of $945/mo against $300K acquisition make the strategy solid for owner-occupants.
What is the tenant pool like in Dorsey, IL?
Expect a solid tenant pool in Dorsey, IL. The rental market absorbs $945/mo rents without meaningful friction.
What kind of market is Dorsey, IL for investors?
Investors tracking Dorsey, IL will find a 3.0/5 rating supported by $300K median home values and $945/mo rents. That profile suits long-term holders targeting stable returns.
Are rents high in Dorsey, IL?
Rents in Dorsey, IL run near $945/mo. Compared with median home prices of $300K that produces solid gross yields for typical rentals.
How do home values compare in Dorsey, IL?
Homes in Dorsey, IL typically sell near $300K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
You know 62021 now. You don’t know where it ranks.
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How 62021 ranks in St. Louis, MO-IL
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