Real Estate Investing in Grafton, Illinois (62037)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62037 (Grafton, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 38.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.1 — 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 Grafton, IL (62037)?
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Market Analysis: 62037 Grafton
The 62037 ZIP covers a section of Grafton that demands careful diligence. Prices near $279K look accessible, but the work to make a deal cash flow is real.
The 62037 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 62037 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A notable renter share of 18% in 62037 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. sturdy returns are possible in 62037, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Grafton:
Market Trends
Home Value History (with trend line)
📊 How Does 62037 Compare?
| Metric | 62037 | Grafton | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $279,058 | $279,058 | N/A | $279,761 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62037 (Grafton, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $279,058 |
| Monthly Rent | $891 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 62037
Population: 1,682
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 62037
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
Is Grafton, IL a smart market for rental property?
With a 3.0/5 investability score, Grafton, IL ranks as a solid market for rental property investors. Median prices of $279K and rents of $891/mo drive the underlying numbers.
How high is vacancy risk in Grafton, IL?
Grafton, IL carries elevated vacancy risk. Expect stable absorption at market rents of $891/mo.
What monthly rent should investors expect in Grafton, IL?
Rental rates in Grafton, IL average $891/mo. Tenant demand and $279K home values make the yield look reasonable by investor standards.
How do landlord-tenant laws work in Grafton, IL?
IL law landlord-friendly for landlords, and Grafton inherits those rules. Investors should still review local ordinances for rental licensing.
How expensive is real estate in Grafton, IL?
Median home price in Grafton, IL is near $279K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 62037 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62037 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 62037 ranks in St. Louis, MO-IL
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