Real Estate Investing in Caseyville, Illinois (62232)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62232 (Caseyville, 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.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Caseyville, IL (62232)?
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Market Analysis: 62232 Caseyville
ZIP 62232 in Caseyville, IL carries a substantial set of headwinds. Home values near $147K and rents of $1,098/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62232 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Caseyville have seen price recovery that 62232 has not matched. Saint Clair County data supports the view that the spread is structural rather than temporary.
Demographically, 62232 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. robust returns are possible in 62232, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Caseyville:
Property Strategy for 62232
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,008 | $1,220 | 7.1% | +6.7% | $62,004 |
| 3BR | $178,405 | $1,570 | 6.3% | +7.3% | $59,468 |
| 4BR | $407,493 | $1,810 | 3.2% | +7.0% | $101,873 |
Market Trends
Home Value History (with trend line)
📊 How Does 62232 Compare?
| Metric | 62232 | Caseyville | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $147,150 | $147,150 | N/A | $279,761 |
| 5-Year CAGR | 1.4% | 1.4% | N/A | 6.6% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
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 62232 (Caseyville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,150 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.8% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 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 (5.8%). 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 62232
Population: 7,480
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 62232
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Illini Elem School
Grant Middle School
William Holliday Elem School
Pontiac Jr 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
Investor Insight: With 5,374 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Caseyville, IL?
Occupancy in Caseyville, IL runs even-keeled with elevated vacancy. Well-priced units at $1,098/mo lease on reasonable timelines.
How strong is tenant demand in Caseyville, IL?
Working renters make up the core of the Caseyville, IL tenant base. The pool is reasonable for investors targeting long-term holds.
Is Caseyville, IL a good market for buy-and-hold investors?
Investors tracking Caseyville, IL will find a 3.0/5 rating supported by $147K median home values and $1,098/mo rents. That profile suits long-term holders targeting stable returns.
Does house hacking work in Caseyville, IL?
House hacking works a challenging in Caseyville, IL. Rents of $1,098/mo against $147K acquisition make the strategy solid for owner-occupants.
What monthly rent should investors expect in Caseyville, IL?
Rental rates in Caseyville, IL average $1,098/mo. Tenant demand and $147K home values make the yield look reasonable by investor standards.
You know 62232 now. You don’t know where it ranks.
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How 62232 ranks in St. Louis, MO-IL
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