Real Estate Investing in Fults, Illinois (62244)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62244 (Fults, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 25.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fults, IL (62244)?
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Market Analysis: 62244 Fults
ZIP 62244 in Fults, IL carries a impressive set of headwinds. Home values near $321K and rents of $1,044/mo sit inside a market where underwriting has to be tight.
Rent of $1,044/mo on a $321K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62244 sits below the stated 0.0% once reality is priced in.
Looking more closely, 62244 offers a low basis, the region around Fults has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A healthy renter share of 19% in 62244 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. substantial returns are possible in 62244, 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 Fults:
Market Trends
Home Value History (with trend line)
📊 How Does 62244 Compare?
| Metric | 62244 | Fults | Illinois |
|---|---|---|---|
| Home Value | $320,690 | $320,690 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $1,044 | $1,044 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62244 (Fults, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $320,690 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 25.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (2.5%). 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 62244
Population: 1,155
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do home prices stand in Fults, IL?
Fults, IL home values average about $321K. That price point suits investors targeting rentals with $1,044/mo in monthly income.
Is house hacking profitable in Fults, IL?
House hacking in Fults, IL is reasonable to execute. Prices around $321K and rents of $1,044/mo solid owner-occupant economics.
How strict are landlord regulations in Fults, IL?
Fults, IL operates under IL law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
What are rental rates like in Fults, IL?
Rental rates in Fults, IL average $1,044/mo. Tenant demand and $321K home values make the yield look reasonable by investor standards.
What is the renter demographic in Fults, IL?
Fults, IL offers a even-keeled renter base at the $1,044/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 62244 now. You don’t know where it ranks.
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