Real Estate Investing in Saint Jacob, Illinois (62281)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62281 (Saint Jacob, 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 Saint Jacob, IL (62281)?
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Market Analysis: 62281 Saint Jacob
ZIP 62281 in Saint Jacob, IL carries a resilient set of headwinds. Home values near $365K and rents of $1,386/mo sit inside a market where underwriting has to be tight.
Put differently, the numbers look inviting — $365K purchase price, 0.0% nominal cap — the work to hit that pro forma in 62281 is substantial and deserves full respect.
Nearby ZIPs in Saint Jacob have seen price recovery that 62281 has not matched. Madison County data supports the view that the spread is structural rather than temporary.
Resident income in 62281 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. robust returns are possible in 62281, 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 Saint Jacob:
Property Strategy for 62281
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $293,676 | $1,980 | 4.9% | +7.1% | $97,892 |
| 4BR | $382,420 | $2,290 | 4.3% | +6.6% | $95,605 |
| 5BR | $454,248 | — | — | +6.7% | $90,850 |
Market Trends
Home Value History (with trend line)
📊 How Does 62281 Compare?
| Metric | 62281 | Saint Jacob | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $365,457 | $365,457 | N/A | $279,761 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.6% |
| Avg Rent | $1,386 | $1,386 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 62281 (Saint Jacob, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $365,457 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (3.0%). 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 62281
Population: 3,018
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 62281
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 2,192 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Saint Jacob in IL worth investing in?
Our data puts Saint Jacob, IL at 3.0/5 for investability. Home prices of $365K and rents around $1,386/mo create a solid backdrop for investor activity.
What do rentals go for in Saint Jacob, IL?
Average rent in Saint Jacob, IL is approximately $1,386/mo per month. Against $365K home values that yields a reasonable rent-to-price ratio.
What are home prices like in Saint Jacob, IL?
Median home price in Saint Jacob, IL is near $365K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Can owner-occupants cash flow in Saint Jacob, IL?
Saint Jacob, IL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $365K price point reasonable to enter.
What investment strategy works best in Saint Jacob, IL?
Most investors in Saint Jacob, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 62281 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62281 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 62281 ranks in St. Louis, MO-IL
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