Real Estate Investing in Collinsville, Illinois (62234)
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Should you buy in 62234 (Collinsville, 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.
What’s happening in Collinsville, IL (62234)?
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Market Analysis: 62234 Collinsville
ZIP 62234 in Collinsville, IL carries a notable set of headwinds. Home values near $199K and rents of $1,203/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 62234 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 62234 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 62234 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. durable returns are possible in 62234, 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 Collinsville:
Property Strategy for 62234
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $100,169 | $910 | 6.5% | +5.5% | $100,169 |
| 2BR | $135,062 | $1,120 | 6.0% | +8.6% | $67,531 |
| 3BR | $196,113 | $1,440 | 5.3% | +7.6% | $65,371 |
| 4BR | $230,877 | $1,670 | 5.2% | +7.6% | $57,719 |
| 5BR | $317,832 | — | — | +7.3% | $63,566 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62234 Compare?
| Metric | 62234 | Collinsville | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $198,833 | $198,833 | N/A | $279,761 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.6% |
| Avg Rent | $1,203 | $1,203 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62234 (Collinsville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,833 |
| Monthly Rent | $1,203 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 62234
Population: 31,832
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 62234
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 5,374 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Collinsville, IL?
The typical rental in Collinsville, IL commands about $1,203/mo monthly. That rent profile consistent cash flow against the $199K purchase basis.
What is the renter demographic in Collinsville, IL?
The tenant pool in Collinsville, IL is solid, supported by local employment and population fundamentals. Rents of $1,203/mo are well-absorbed by the market.
What kind of market is Collinsville, IL for investors?
The 3.0/5 investability rating in Collinsville, IL reflects its $199K prices and $1,203/mo rents. Investors generally consider it a solid option within IL.
How tight is the rental market in Collinsville, IL?
Collinsville, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What real estate strategy is ideal for Collinsville, IL?
A careful cash-flow rentals with hands-on management strategy Collinsville, IL best. The market produces measured results for that approach at the $199K price point.
You know 62234 now. You don’t know where it ranks.
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How 62234 ranks in St. Louis, MO-IL
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