Real Estate Investing in Hartford, Illinois (62048)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62048 (Hartford, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hartford, IL (62048)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62048 Hartford
In Hartford's 62048 ZIP, the arithmetic favors hands-on owners. Median home values stands at $85K, leaving spread for capex-heavy BRRRR or reposition strategies.
Value-add is the defining thesis in 62048. Homes trade near $85K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
Regionally, 62048 sits on the affordable end of the Madison County map. In practical terms, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
The a solid fit for angle on demographics here is renter willingness to pay a premium for renovated product. The 22% rental share provides scale for the strategy.
Value-add plays pencil in 62048 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Hartford:
Property Strategy for 62048
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $60,716 | $1,070 | 12.7% | +3.6% | $30,358 |
| 3BR | $86,841 | $1,380 | 11.4% | +3.3% | $28,947 |
Market Trends
Home Value History (with trend line)
📊 How Does 62048 Compare?
| Metric | 62048 | Hartford | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $84,705 | $84,705 | N/A | $279,761 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.6% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 8.9% | 8.9% | - | - |
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 62048 (Hartford, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 62048 (Hartford, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $84,705 |
| Monthly Rent | $963 |
| Price-to-Rent | 7.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.6% |
| Cap Rate | 8.9% |
| 5-Year IRR | 13.8% |
📈 Home Appreciation
| 1-Year | +20.1% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.9%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62048
Population: 1,456
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 62048
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
Investor Insight: With 4,500 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much do tenants pay in Hartford, IL?
Average rent in Hartford, IL is approximately $963/mo per month. Against $85K home values that yields a reasonable rent-to-price ratio.
Does Hartford, IL meet the 1% rule for rental property?
Yes, many Hartford, IL properties clear the 1% rule. The rent-to-price ratio averages 1.14%, supported by $963/mo rents.
How viable is house hacking in Hartford, IL?
House hacking works an attractive in Hartford, IL. Rents of $963/mo against $85K acquisition make the strategy solid for owner-occupants.
What real estate strategy is ideal for Hartford, IL?
A value-add and BRRRR deals strategy Hartford, IL best. The market produces consistent results for that approach at the $85K price point.
Is BRRRR a fit for Hartford, IL?
Yes - BRRRR is a strong in Hartford, IL. The $85K home values and $963/mo rents anchor the refinance math.
You know 62048 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62048 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 62048 ranks in St. Louis, MO-IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 62048 (Hartford)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 62048 (Hartford, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.