Real Estate Investing in Lebanon, Illinois (62254)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62254 (Lebanon, 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: 12.6% of homes vacant — above national norms.
What’s happening in Lebanon, IL (62254)?
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Market Analysis: 62254 Lebanon
Investors eyeing 62254 need to respect the fundamentals at play. Home values of $215K come alongside slower price movement and elevated management overhead.
For an experienced owner, 62254 can be a a viable market for hunting ground — but the discount at $215K reflects genuine risk that outside investors often underestimate.
Put differently, 62254 offers a low basis, the region around Lebanon has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 62254 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 62254 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lebanon:
Property Strategy for 62254
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,922 | $1,340 | 6.1% | +8.8% | $78,461 |
| 3BR | $211,542 | $1,720 | 5.9% | +7.8% | $70,514 |
| 4BR | $324,876 | $1,990 | 4.4% | +7.5% | $81,219 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62254 Compare?
| Metric | 62254 | Lebanon | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $214,990 | $214,990 | N/A | $279,761 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 6.6% |
| Avg Rent | $1,290 | $1,290 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
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 62254 (Lebanon, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $214,990 |
| Monthly Rent | $1,290 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 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 (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 62254
Population: 6,339
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 62254
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 3,182 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Lebanon, IL?
Lebanon, IL rentals go for roughly $1,290/mo a month. That puts gross yield in solid territory relative to $215K acquisition costs.
Are tenants stable in Lebanon, IL?
Lebanon, IL draws a even-keeled base of working renters. Demand at the $1,290/mo rent level is reasonable for standard single-family and small multi rentals.
What is the typical vacancy rate in Lebanon, IL?
Lebanon, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What real estate strategy is ideal for Lebanon, IL?
For Lebanon, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Lebanon, IL a good market for buy-and-hold investors?
Investors tracking Lebanon, IL will find a 3.0/5 rating supported by $215K median home values and $1,290/mo rents. That profile suits long-term holders targeting consistent returns.
You know 62254 now. You don’t know where it ranks.
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How 62254 ranks in St. Louis, MO-IL
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