Real Estate Investing in Fieldon, Illinois (62031)
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Should you buy in 62031 (Fieldon, 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: 49.1% 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 Fieldon, IL (62031)?
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Market Analysis: 62031 Fieldon
Not every below-median market is a bargain. Fieldon's 62031 ZIP sits at signals that favor experienced operators who can absorb the risk $188K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62031 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 62031 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
A significant renter share of 5% in 62031 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 62031 is an operator game, not a passive one. On the rental side, entry prices of $188K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Fieldon:
Market Trends
Home Value History (with trend line)
📊 How Does 62031 Compare?
| Metric | 62031 | Fieldon | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $187,717 | $187,717 | N/A | $279,761 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62031 (Fieldon, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $187,717 |
| Monthly Rent | $891 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +18.9% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 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 (3.7%). 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 62031
Population: 637
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
Frequently Asked Questions
What price range are homes in Fieldon, IL?
The median home value in Fieldon, IL is roughly $188K. That puts it reasonable relative to the IL statewide average.
What approach is best for Fieldon, IL real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Fieldon, IL. The numbers - $188K homes against $891/mo rents - support that play.
Can I live-in-and-rent in Fieldon, IL?
The house hack math a challenging in Fieldon, IL. Owner-occupant buyers benefit from the $891/mo rents and $188K home values.
Is Fieldon, IL a friendly market for rental owners?
Fieldon, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much rent can I charge in Fieldon, IL?
Fieldon, IL rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $188K acquisition costs.
You know 62031 now. You don’t know where it ranks.
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How 62031 ranks in St. Louis, MO-IL
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