Real Estate Investing in New Athens, Illinois (62264)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62264 (New Athens, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
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 New Athens, IL (62264)?
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Market Analysis: 62264 New Athens
Not every below-median market is a bargain. New Athens's 62264 ZIP stands at signals that favor experienced operators who can absorb the risk $164K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62264 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in New Athens have seen price recovery that 62264 has not matched. Saint Clair County data supports the view that the spread is structural rather than temporary.
The 62264 ZIP's population of 3,152 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategy in 62264 is an operator game, not a passive one. From an investor standpoint, entry prices of $164K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New Athens:
Market Trends
Home Value History (with trend line)
📊 How Does 62264 Compare?
| Metric | 62264 | New Athens | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $164,127 | $164,127 | N/A | $279,761 |
| 5-Year CAGR | 2.1% | 2.1% | N/A | 6.6% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62264 (New Athens, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,127 |
| Monthly Rent | $999 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 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 (4.8%). 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 62264
Population: 3,152
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 62264
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 3,210 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in New Athens, IL?
Average rent in New Athens, IL is approximately $999/mo per month. Against $164K home values that yields a reasonable rent-to-price ratio.
How do landlord-tenant laws work in New Athens, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. New Athens generally follows the statewide framework, so landlords face reasonable operating rules.
How do home values compare in New Athens, IL?
Homes in New Athens, IL typically sell near $164K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
How strong is New Athens, IL for real estate investors?
New Athens, IL rates 3.0/5 for investability. With median values at $164K and rents near $999/mo, the market offers reasonable fundamentals for rental investors.
Are renters plentiful in New Athens, IL?
Working renters make up the core of the New Athens, IL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 62264 now. You don’t know where it ranks.
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How 62264 ranks in St. Louis, MO-IL
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