Real Estate Investing in Quincy, Illinois (62301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62301 (Quincy, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
What’s happening in Quincy, IL (62301)?
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Market Analysis: 62301 Quincy
This part of Adams County is not an easy win. The 62301 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 62301 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 62301 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A sturdy renter share of 39% in 62301 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. durable returns are possible in 62301, 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 Quincy:
Property Strategy for 62301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $121,713 | $1,050 | 6.2% | +6.1% | $60,857 |
| 3BR | $161,479 | $1,310 | 5.8% | +5.7% | $53,826 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62301 Compare?
| Metric | 62301 | Quincy | Quincy, IL-MO | Illinois |
|---|---|---|---|---|
| Home Value | $144,850 | $205,710 | N/A | $279,761 |
| 5-Year CAGR | 1.4% | 2.4% | N/A | 6.6% |
| Avg Rent | $1,222 | $1,142 | N/A | - |
| Cap Rate | 6.6% | 4.8% | - | - |
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 62301 (Quincy, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $144,850 |
| Monthly Rent | $1,222 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.6% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | +2.2% ▲ |
🏠 Rent Trends
| 1-Year | +30.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62301
Population: 30,987
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 62301
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Dr. Abby Fox Rooney Elem Sch
Colonel George Iles Elem Sch
Lincoln-Douglas Elementary School
Sarah Atwater Denman Elem
Adams Co Juvenile Detention Cntr
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 837 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Quincy, IL rate as a rental market?
Our data puts Quincy, IL at 3.0/5 for investability. Home prices of $145K and rents around $1,222/mo create a solid backdrop for investor activity.
What is the average home sale price in Quincy, IL?
Quincy, IL median home values land near $145K. That is reasonable territory for investors looking at $1,222/mo-per-month rentals.
How much rent can I charge in Quincy, IL?
Average rent in Quincy, IL is approximately $1,222/mo per month. Against $145K home values that yields a reasonable rent-to-price ratio.
How do experienced investors play Quincy, IL?
Quincy, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($145K prices, $1,222/mo rents) make it a reasonable choice.
Is Quincy, IL good for house hacking?
Quincy, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,222/mo rent level.
You know 62301 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62301 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 62301 ranks in Quincy, IL-MO
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