Real Estate Investing in Mulberry Grove, Illinois (62262)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62262 (Mulberry Grove, 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: 17.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mulberry Grove, IL (62262)?
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Market Analysis: 62262 Mulberry Grove
The 62262 ZIP covers a section of Mulberry Grove that demands careful diligence. Prices near $157K look accessible, but the work to make a deal cash flow is real.
The 62262 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Turning to rents, 62262 offers a low basis, the region around Mulberry Grove has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 62262 ZIP's population of 1,887 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Distressed ZIPs reward experience. healthy returns are possible in 62262, 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 Mulberry Grove:
Market Trends
Home Value History (with trend line)
📊 How Does 62262 Compare?
| Metric | 62262 | Mulberry Grove | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $157,221 | $157,221 | N/A | $279,761 |
| 5-Year CAGR | 2.4% | 2.4% | N/A | 6.6% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62262 (Mulberry Grove, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $157,221 |
| Monthly Rent | $981 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +2.5% ▲ |
🏠 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 (4.9%). 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 62262
Population: 1,887
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 62262
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
How does Mulberry Grove, IL rate as a rental market?
Mulberry Grove, IL rates 3.0/5 for investability. With median values at $157K and rents near $981/mo, the market offers reasonable fundamentals for rental investors.
What strategy should investors use in Mulberry Grove, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Mulberry Grove, IL. With home values at $157K and rents near $981/mo, other strategies can work but produce reliable rather than outsized returns.
Do landlords face vacancy issues in Mulberry Grove, IL?
Rental vacancy in Mulberry Grove, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Is Mulberry Grove, IL good for landlords?
For rental operators, Mulberry Grove, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much rent can I charge in Mulberry Grove, IL?
Rents in Mulberry Grove, IL run near $981/mo. Compared with median home prices of $157K that produces solid gross yields for typical rentals.
You know 62262 now. You don’t know where it ranks.
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How 62262 ranks in St. Louis, MO-IL
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