Real Estate Investing in Eldred, Illinois (62027)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62027 (Eldred, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 24.6% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Eldred, IL (62027)?
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Market Analysis: 62027 Eldred
Investors eyeing 62027 need to respect the fundamentals at play. Home values of $150K come alongside slower price movement and elevated management overhead.
For an experienced owner, 62027 can be a a credible choice for hunting ground — but the discount at $150K reflects genuine risk that outside investors often underestimate.
Meanwhile, 62027 offers a low basis, the region around Eldred has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 62027 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 right play in 62027 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Eldred:
Market Trends
Home Value History (with trend line)
📊 How Does 62027 Compare?
| Metric | 62027 | Eldred | Illinois |
|---|---|---|---|
| Home Value | $150,333 | $150,333 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62027 (Eldred, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,333 |
| Monthly Rent | $945 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 23.5% |
📈 Home Appreciation
| 1-Year | +18.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.9%). 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 62027
Population: 517
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
Frequently Asked Questions
What approach is best for Eldred, IL real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Eldred, IL. The numbers - $150K homes against $945/mo rents - support that play.
Is it easy to find good tenants in Eldred, IL?
The renter base in Eldred, IL is reasonable for the $945/mo price point. Screening well and pricing to market typically yields measured tenants.
How much is rent in Eldred, IL?
Eldred, IL rentals go for roughly $945/mo a month. That puts gross yield in solid territory relative to $150K acquisition costs.
Do rentals sit vacant long in Eldred, IL?
Rental vacancy in Eldred, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Is Eldred, IL good for house hacking?
House hacking in Eldred, IL is a challenging. With home values around $150K and rents at $945/mo, owner-occupants can offset a meaningful share of PITI.
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