Real Estate Investing in Staunton, Illinois (62088)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62088 (Staunton, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.4% 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 Staunton, IL (62088)?
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Market Analysis: 62088 Staunton
Not every below-median market is a bargain. Staunton's 62088 ZIP shows signals that favor experienced operators who can absorb the risk $173K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $173K asset, 62088 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 62088 and stronger Staunton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 62088 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 62088 is an operator game, not a passive one. Put differently, entry prices of $173K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Staunton:
Property Strategy for 62088
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $107,511 | $1,030 | 6.9% | +7.3% | $53,755 |
| 3BR | $175,369 | $1,290 | 5.3% | +6.7% | $58,456 |
| 4BR | $248,416 | $1,600 | 4.6% | +6.7% | $62,104 |
Market Trends
Home Value History (with trend line)
📊 How Does 62088 Compare?
| Metric | 62088 | Staunton | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $173,093 | $173,093 | N/A | $279,761 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.6% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62088 (Staunton, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,093 |
| Monthly Rent | $927 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +13.6% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 (4.2%). 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 62088
Population: 6,482
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 62088
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
What approach is best for Staunton, IL real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Staunton, IL. The numbers - $173K homes against $927/mo rents - support that play.
Is house hacking profitable in Staunton, IL?
House hacking in Staunton, IL is reasonable to execute. Prices around $173K and rents of $927/mo solid owner-occupant economics.
Where do rents currently stand in Staunton, IL?
Investors in Staunton, IL typically see rents near $927/mo per month against $173K home values - a solid setup for rental cash flow.
What is the median home value in Staunton, IL?
Expect median prices around $173K in Staunton, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Should investors worry about vacancy in Staunton, IL?
Staunton, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
You know 62088 now. You don’t know where it ranks.
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How 62088 ranks in St. Louis, MO-IL
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