Real Estate Investing in Gillespie, Illinois (62033)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62033 (Gillespie, 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: 14.9% 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 Gillespie, IL (62033)?
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Market Analysis: 62033 Gillespie
Looking more closely, ZIP 62033 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $110K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 62033 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IL, ZIP 62033 trails on several market indicators that neighboring Macoupin County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Who lives in 62033 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 62033 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Gillespie:
Property Strategy for 62033
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $92,618 | $920 | 7.2% | +8.8% | $46,309 |
| 3BR | $135,385 | $1,140 | 6.1% | +7.7% | $45,128 |
Market Trends
Home Value History (with trend line)
📊 How Does 62033 Compare?
| Metric | 62033 | Gillespie | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $110,211 | $110,211 | N/A | $279,761 |
| 5-Year CAGR | 1.9% | 1.9% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 5.9% | 5.9% | - | - |
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 62033 (Gillespie, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $110,211 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 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 (5.9%). 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 62033
Population: 4,398
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 62033
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
Which real estate strategy fits Gillespie, IL?
The best-fit strategy in Gillespie, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How strong is the working-renter base in Gillespie, IL?
Tenant demand in Gillespie, IL is solid. The local workforce $828/mo rents across most rental classes.
What do rentals go for in Gillespie, IL?
Rental rates in Gillespie, IL average $828/mo. Tenant demand and $110K home values make the yield look reasonable by investor standards.
How expensive is real estate in Gillespie, IL?
The median home value in Gillespie, IL is roughly $110K. That puts it reasonable relative to the IL statewide average.
How does Gillespie, IL stack up for property investment?
Gillespie, IL sits at an investability rating of 3.0/5, with median home values near $110K and average rents around $828/mo. That combination puts it in the significant tier for investor interest.
You know 62033 now. You don’t know where it ranks.
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How 62033 ranks in St. Louis, MO-IL
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