Real Estate Investing in Greenville, Illinois (62246)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62246 (Greenville, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Greenville, IL (62246)?
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Market Analysis: 62246 Greenville
ZIP 62246 inside Bond County looks affordable on the surface — median value of $176K — but the discount exists for reasons that a careful buyer should understand before committing.
On the rental side, the numbers look inviting — $176K purchase price, 0.0% nominal cap — the work to hit that pro forma in 62246 is substantial and deserves full respect.
Within IL, ZIP 62246 trails on several market indicators that neighboring Bond County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
From a cash-flow lens, 9,946 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.
Distressed ZIPs reward experience. durable returns are possible in 62246, 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 Greenville:
Property Strategy for 62246
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $105,321 | $990 | 6.8% | +8.5% | $52,660 |
| 3BR | $177,388 | $1,270 | 5.2% | +5.9% | $59,129 |
| 4BR | $251,185 | $1,480 | 4.2% | +6.0% | $62,796 |
Market Trends
Home Value History (with trend line)
📊 How Does 62246 Compare?
| Metric | 62246 | Greenville | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $175,888 | $175,888 | N/A | $279,761 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62246 (Greenville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,888 |
| Monthly Rent | $891 |
| Price-to-Rent | 16.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (4.0%). 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 62246
Population: 9,946
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 62246
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
Frequently Asked Questions
Which real estate strategy fits Greenville, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Greenville, IL. The numbers - $176K homes against $891/mo rents - support that play.
What kind of vacancy should I budget for in Greenville, IL?
Occupancy in Greenville, IL runs consistent with elevated vacancy. Well-priced units at $891/mo lease on reasonable timelines.
What is the typical rental rate in Greenville, IL?
The typical rental in Greenville, IL commands about $891/mo monthly. That rent profile predictable cash flow against the $176K purchase basis.
How expensive is real estate in Greenville, IL?
The median home value in Greenville, IL is roughly $176K. That puts it reasonable relative to the IL statewide average.
Can I live-in-and-rent in Greenville, IL?
The house hack math a challenging in Greenville, IL. Owner-occupant buyers benefit from the $891/mo rents and $176K home values.
You know 62246 now. You don’t know where it ranks.
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How 62246 ranks in St. Louis, MO-IL
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