Real Estate Investing in Barry, Illinois (62312)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62312 (Barry, 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.
- High vacancy: 19.1% 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 Barry, IL (62312)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62312 Barry
Not every below-median market is a bargain. Barry's 62312 ZIP reports signals that favor experienced operators who can absorb the risk $116K pricing implies.
Rent of $828/mo on a $116K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62312 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Barry have seen price recovery that 62312 has not matched. Pike data supports the view that the spread is structural rather than temporary.
Demographically, 62312 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 62312 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 Barry:
Property Strategy for 62312
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $81,755 | $920 | 8.1% | — | $40,877 |
| 3BR | $120,886 | $1,140 | 6.8% | — | $40,295 |
Market Trends
Home Value History (with trend line)
📊 How Does 62312 Compare?
| Metric | 62312 | Barry | Illinois |
|---|---|---|---|
| Home Value | $115,848 | $115,848 | $279,761 |
| 5-Year CAGR | 6.2% | 6.2% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.6% | 5.6% | - |
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 62312 (Barry, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 62312 (Barry, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $115,848 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +19.0% ▲ |
| 3-Year CAGR | +12.5% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (5.6%). 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 62312
Population: 1,878
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 62312
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.
Frequently Asked Questions
What kind of market is Barry, IL for investors?
Investors tracking Barry, IL will find a 3.0/5 rating supported by $116K median home values and $828/mo rents. That profile suits long-term holders targeting stable returns.
What do rentals go for in Barry, IL?
Average rent in Barry, IL is approximately $828/mo per month. Against $116K home values that yields a reasonable rent-to-price ratio.
How much does a house cost in Barry, IL?
Homes in Barry, IL typically sell near $116K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Is Barry, IL landlord-friendly?
IL law landlord-friendly for landlords, and Barry inherits those rules. Investors should still review local ordinances for rental licensing.
Are there empty rentals in Barry, IL?
Vacancy in Barry, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $828/mo.
You know 62312 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62312 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.
AI Market Advisor
Ask questions about investing in 62312 (Barry)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 62312 (Barry, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.