Real Estate Investing in Freeburg, Illinois (62243)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62243 (Freeburg, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Freeburg, IL (62243)?
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Market Analysis: 62243 Freeburg
ZIP 62243 in Freeburg, IL carries a sturdy set of headwinds. Home values near $274K and rents of $1,143/mo sit inside a market where underwriting has to be tight.
The investment case in 62243 is robust only for operators who understand what they are buying. A $274K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 62243's metrics run below Saint Clair County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Stepping back, 6,522 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 62243 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Freeburg:
Property Strategy for 62243
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $269,729 | $1,630 | 4.4% | +7.2% | $89,910 |
| 4BR | $370,581 | $1,890 | 3.7% | +6.7% | $92,645 |
Market Trends
Home Value History (with trend line)
📊 How Does 62243 Compare?
| Metric | 62243 | Freeburg | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $274,448 | $274,448 | N/A | $279,761 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 6.6% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 62243 (Freeburg, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $274,448 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (3.3%). 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 62243
Population: 6,522
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 62243
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 3,210 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical renter like in Freeburg, IL?
Tenant quality in Freeburg, IL ranks as solid. Landlords generally report measured occupancy at market rents of $1,143/mo.
How strong is Freeburg, IL for real estate investors?
Freeburg, IL rates 3.0/5 for investability. With median values at $274K and rents near $1,143/mo, the market offers reasonable fundamentals for rental investors.
Can owner-occupants cash flow in Freeburg, IL?
Freeburg, IL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $274K price point reasonable to enter.
Is Freeburg, IL good for landlords?
Freeburg, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much do tenants pay in Freeburg, IL?
Expect rents around $1,143/mo per month in Freeburg, IL. With home values at $274K, the yield math works out to reasonable levels for rental investors.
You know 62243 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62243 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 62243 ranks in St. Louis, MO-IL
Every ZIP in this metro, ranked. Free.
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