Real Estate Investing in Marine, Illinois (62061)
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Should you buy in 62061 (Marine, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Marine, IL (62061)?
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Market Analysis: 62061 Marine
This part of Madison County is not an easy win. The 62061 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 62061 can be a a viable market for hunting ground — but the discount at $272K reflects genuine risk that outside investors often underestimate.
Within IL, ZIP 62061 trails on several market indicators that neighboring Madison County submarkets outperform. The gap is real and solid enough to shape underwriting.
A impressive renter share of 11% in 62061 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 Marine's stable or hybrid ZIPs before stepping into 62061. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Marine:
Property Strategy for 62061
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $230,460 | $1,350 | 4.2% | +7.2% | $76,820 |
| 4BR | $303,198 | $1,560 | 3.7% | +6.8% | $75,800 |
Market Trends
Home Value History (with trend line)
📊 How Does 62061 Compare?
| Metric | 62061 | Marine | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $271,600 | $271,600 | N/A | $279,761 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.6% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 62061 (Marine, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $271,600 |
| Monthly Rent | $945 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.7%). 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 62061
Population: 1,528
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 62061
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 2,192 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Marine, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Marine, IL. With home values at $272K and rents near $945/mo, other strategies can work but produce measured rather than outsized returns.
How strict are landlord regulations in Marine, IL?
Rental owners in Marine, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much rent can I charge in Marine, IL?
Rents in Marine, IL run near $945/mo. Compared with median home prices of $272K that produces solid gross yields for typical rentals.
What is the rental occupancy rate in Marine, IL?
Occupancy in Marine, IL runs steady with elevated vacancy. Well-priced units at $945/mo lease on reasonable timelines.
Does house hacking work in Marine, IL?
House hacking in Marine, IL is reasonable to execute. Prices around $272K and rents of $945/mo solid owner-occupant economics.
You know 62061 now. You don’t know where it ranks.
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How 62061 ranks in St. Louis, MO-IL
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