Real Estate Investing in Hardin, Illinois (62047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62047 (Hardin, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 32.6% 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 Hardin, IL (62047)?
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Market Analysis: 62047 Hardin
This part of Calhoun County is not an easy win. The 62047 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 62047 can be a an appealing option for hunting ground — but the discount at $176K reflects genuine risk that outside investors often underestimate.
The gap between 62047 and stronger Hardin ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A solid renter share of 18% in 62047 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Hardin's stable or hybrid ZIPs before stepping into 62047. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hardin:
Market Trends
Home Value History (with trend line)
📊 How Does 62047 Compare?
| Metric | 62047 | Hardin | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $175,692 | $175,692 | N/A | $279,761 |
| 5-Year CAGR | 2.0% | 2.0% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62047 (Hardin, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,692 |
| Monthly Rent | $891 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 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 (4.0%). 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 62047
Population: 1,833
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 62047
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.
Frequently Asked Questions
How tight is the rental market in Hardin, IL?
Vacancy risk in Hardin, IL is elevated. That supports even-keeled cash flow for typical rental holds.
Can owner-occupants cash flow in Hardin, IL?
Hardin, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $891/mo rent level.
What real estate strategy is ideal for Hardin, IL?
For Hardin, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the average home sale price in Hardin, IL?
Typical homes in Hardin, IL go for around $176K. The 5-year CAGR of 0.0% stable price movement.
How much is rent in Hardin, IL?
Hardin, IL rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $176K acquisition costs.
You know 62047 now. You don’t know where it ranks.
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How 62047 ranks in St. Louis, MO-IL
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