Real Estate Investing in Fairview Heights, Illinois (62208)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62208 (Fairview Heights, 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.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
What’s happening in Fairview Heights, IL (62208)?
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Market Analysis: 62208 Fairview Heights
Stepping back, ZIP 62208 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $200K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $200K asset, 62208 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 62208 sits on the difficult end of the IL spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A substantial renter share of 38% in 62208 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Fairview Heights:
Property Strategy for 62208
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $150,392 | $1,320 | 6.3% | +11.0% | $75,196 |
| 3BR | $205,791 | $1,700 | 5.9% | +8.5% | $68,597 |
| 4BR | $315,711 | $1,960 | 4.5% | +8.0% | $78,928 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62208 Compare?
| Metric | 62208 | Fairview Heights | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $199,591 | $199,591 | N/A | $279,761 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 6.6% |
| Avg Rent | $1,444 | $1,444 | N/A | - |
| Cap Rate | 5.6% | 5.6% | - | - |
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 62208 (Fairview Heights, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $199,591 |
| Monthly Rent | $1,444 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.6% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (5.6%). 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 62208
Population: 16,653
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 62208
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Caseyville Elementary School
Hollywood Heights
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 5,374 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Fairview Heights, IL?
Fairview Heights, IL stands at an investability rating of 3.0/5, with median home values near $200K and average rents around $1,444/mo. That combination puts it in the notable tier for investor interest.
What monthly rent should investors expect in Fairview Heights, IL?
Rents in Fairview Heights, IL run near $1,444/mo. Compared with median home prices of $200K that produces solid gross yields for typical rentals.
Are eviction rules reasonable in Fairview Heights, IL?
Rental owners in Fairview Heights, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can owner-occupants cash flow in Fairview Heights, IL?
The house hack math a challenging in Fairview Heights, IL. Owner-occupant buyers benefit from the $1,444/mo rents and $200K home values.
Is vacancy a concern in Fairview Heights, IL?
Occupancy in Fairview Heights, IL runs predictable with elevated vacancy. Well-priced units at $1,444/mo lease on reasonable timelines.
You know 62208 now. You don’t know where it ranks.
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How 62208 ranks in St. Louis, MO-IL
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