Real Estate Investing in Keyesport, Illinois (62253)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62253 (Keyesport, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 25.8% of homes vacant — above national norms.
- Higher unemployment: 8.8% unemployment — tenant risk signal.
- Lower household income: $39,946 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Keyesport, IL (62253)?
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Market Analysis: 62253 Keyesport
Investors eyeing 62253 need to respect the fundamentals at play. Home values of $121K come alongside slower price movement and elevated management overhead.
Rent of $891/mo on a $121K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62253 sits below the stated 0.0% once reality is priced in.
Regionally, 62253 sits on the difficult end of the IL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 62253 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Keyesport's stable or hybrid ZIPs before stepping into 62253. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Keyesport:
Market Trends
Home Value History (with trend line)
📊 How Does 62253 Compare?
| Metric | 62253 | Keyesport | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $121,434 | $121,434 | N/A | $279,761 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 5.7% | 5.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62253 (Keyesport, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $121,434 |
| Monthly Rent | $891 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +18.5% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (5.7%). 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 62253
Population: 923
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
Is Keyesport, IL better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Keyesport, IL best. The market produces steady results for that approach at the $121K price point.
Are tenants stable in Keyesport, IL?
The renter base in Keyesport, IL is reasonable for the $891/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is Keyesport, IL landlord-friendly?
Rental owners in Keyesport, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How quickly do rentals get leased in Keyesport, IL?
Keyesport, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I house hack in Keyesport, IL?
The a challenging house-hack environment in Keyesport, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
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