Real Estate Investing in Fillmore, Illinois (62032)
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Should you buy in 62032 (Fillmore, 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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• 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 Fillmore, IL (62032)?
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Market Analysis: 62032 Fillmore
The 62032 ZIP in Fillmore, IL is a local-operator market. Outside capital chasing a $172K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $172K asset, 62032 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IL picture, 62032 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 62032 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 62032 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Fillmore:
Market Trends
Home Value History (with trend line)
📊 How Does 62032 Compare?
| Metric | 62032 | Fillmore | Illinois |
|---|---|---|---|
| Home Value | $171,576 | $171,576 | $279,761 |
| 5-Year CAGR | 4.3% | 4.3% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62032 (Fillmore, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $171,576 |
| Monthly Rent | $828 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +21.6% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 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 (3.8%). 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 62032
Population: 783
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
Should investors worry about vacancy in Fillmore, IL?
Fillmore, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
What is the typical renter like in Fillmore, IL?
Tenant quality in Fillmore, IL ranks as solid. Landlords generally report steady occupancy at market rents of $828/mo.
Is Fillmore, IL a smart market for rental property?
The 3.0/5 investability rating in Fillmore, IL reflects its $172K prices and $828/mo rents. Investors generally consider it a solid option within IL.
Which investment style suits Fillmore, IL?
A careful cash-flow rentals with hands-on management strategy Fillmore, IL best. The market produces steady results for that approach at the $172K price point.
How much is rent in Fillmore, IL?
Fillmore, IL rentals go for roughly $828/mo a month. That puts gross yield in solid territory relative to $172K acquisition costs.
You know 62032 now. You don’t know where it ranks.
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