Real Estate Investing in Quincy, Illinois (62305)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62305 (Quincy, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 Quincy, IL (62305)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62305 Quincy
ZIP 62305 inside Adams County looks affordable on the surface — median value of $267K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,062/mo on a $267K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62305 sits below the stated 0.0% once reality is priced in.
In the broader IL picture, 62305 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 62305 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 62305 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Quincy:
Market Trends
Home Value History (with trend line)
📊 How Does 62305 Compare?
| Metric | 62305 | Quincy | Quincy, IL-MO | Illinois |
|---|---|---|---|---|
| Home Value | $266,569 | $205,710 | N/A | $279,761 |
| 5-Year CAGR | 3.4% | 2.4% | N/A | 6.6% |
| Avg Rent | $1,062 | $1,142 | N/A | - |
| Cap Rate | 3.1% | 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 62305 (Quincy, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 62305 (Quincy, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $266,569 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +3.0% ▲ |
🏠 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 (3.1%). 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 62305
Population: 19,077
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 62305
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Central 3-4 Middle School
Thomas S Baldwin Elem Sch
Quincy Jr High School
Quincy Sr High School
Quincy Area Voc Ctr
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
What do landlords charge for rent in Quincy, IL?
Rents in Quincy, IL run near $1,062/mo. Compared with median home prices of $267K that produces solid gross yields for typical rentals.
How high is vacancy risk in Quincy, IL?
Expect elevated vacancy in Quincy, IL. Rents at $1,062/mo are absorbed by the tenant base without meaningful lag.
Is Quincy, IL a smart market for rental property?
Quincy, IL rates 3.0/5 for investability. With median values at $267K and rents near $1,062/mo, the market offers reasonable fundamentals for rental investors.
Are landlord laws favorable in Quincy, IL?
The landlord environment in Quincy, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are homes affordable in Quincy, IL?
The median home value in Quincy, IL is roughly $267K. That puts it reasonable relative to the IL statewide average.
You know 62305 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62305 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 62305 ranks in Quincy, IL-MO
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 62305 (Quincy)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 62305 (Quincy, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.