Real Estate Investing in Centreville, Illinois (62207)
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Should you buy in 62207 (Centreville, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.6% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.1% CAGR).
- Elevated poverty: 31.0% poverty rate — can affect rent collection.
- Lower household income: $26,155 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Centreville, IL (62207)?
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Market Analysis: 62207 Centreville
ZIP 62207 inside Centreville, IL leans into a value-add thesis. Home values near $40K sit below the state median, and rents of $891/mo leave room for forced-equity plays.
The a viable market for angle here is forced equity, not market equity. ZIP 62207 rewards investors who can execute on scope, timeline, and tenant turnover.
In Saint Clair County, 62207 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
Demographically, 62207 is a working ZIP — not a luxury market. That profile is exactly what value-add operators need in order to price their renovated product correctly.
ZIP 62207 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Centreville:
Market Trends
Home Value History (with trend line)
📊 How Does 62207 Compare?
| Metric | 62207 | Centreville | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $40,057 | $40,057 | N/A | $279,761 |
| 5-Year CAGR | 0.1% | 0.1% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 17.4% | 17.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62207 (Centreville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $40,057 |
| Monthly Rent | $891 |
| Price-to-Rent | 3.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 26.7% |
| Cap Rate | 17.4% |
| 5-Year IRR | 17.5% |
📈 Home Appreciation
| 1-Year | +17.2% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +0.1% ▲ |
| 10-Year CAGR | +1.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (17.4%) 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 62207
Population: 6,801
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 62207
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Annette Officer Elementary
Penniman Elem School
Cahokia High School
Maplewood Elem School
East St Louis Senior High School
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
Should investors consider Centreville, IL?
Centreville, IL scores 4.0/5 for investability. Home values sit at $40K and rents near $891/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is it possible to hit the 1% rule in Centreville, IL?
The 1% rule in Centreville, IL is reasonable to achieve. Rent-to-price at the median ($891/mo on $40K) lands around 2.22%.
Can I live-in-and-rent in Centreville, IL?
For house hackers, Centreville, IL is an attractive. The $891/mo rent on a unit helps defray the mortgage on a $40K property.
What type of investing works in Centreville, IL?
The best-fit strategy in Centreville, IL is value-add and BRRRR deals. That approach the rent and price profile of the market.
Does the BRRRR strategy work in Centreville, IL?
Yes - BRRRR is a strong in Centreville, IL. The $40K home values and $891/mo rents anchor the refinance math.
You know 62207 now. You don’t know where it ranks.
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How 62207 ranks in St. Louis, MO-IL
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