Real Estate Investing in Baylis, Illinois (62314)
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Should you buy in 62314 (Baylis, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 27.8% of homes vacant — above national norms.
- Higher unemployment: 8.7% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Baylis, IL (62314)?
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Market Analysis: 62314 Baylis
The 62314 ZIP in Baylis, IL is a local-operator market. Outside capital chasing a $136K entry has to pair deep knowledge with the discount.
The investment case in 62314 is durable only for operators who understand what they are buying. A $136K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 62314 and stronger Baylis ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 62314 includes headwinds that any investor should price in. Income distribution skews lower than Baylis averages, and tenant stability requires active management.
The right play in 62314 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Baylis:
Market Trends
Home Value History (with trend line)
📊 How Does 62314 Compare?
| Metric | 62314 | Baylis | Quincy, IL-MO | Illinois |
|---|---|---|---|---|
| Home Value | $136,022 | $136,022 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62314 (Baylis, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $136,022 |
| Monthly Rent | $855 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 27.3% |
📈 Home Appreciation
| 1-Year | +22.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (4.9%). 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 62314
Population: 484
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
Frequently Asked Questions
What monthly rent should investors expect in Baylis, IL?
Rent in Baylis, IL is around $855/mo. The resulting rent-to-value relationship with $136K pricing is reasonable for most investor models.
Are renters plentiful in Baylis, IL?
The renter base in Baylis, IL is reasonable for the $855/mo price point. Screening well and pricing to market typically yields measured tenants.
What is the median home value in Baylis, IL?
The median home value in Baylis, IL is roughly $136K. That puts it reasonable relative to the IL statewide average.
What is the smart move for investors in Baylis, IL?
The best-fit strategy in Baylis, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is it like being a landlord in Baylis, IL?
Baylis, IL operates under IL law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
You know 62314 now. You don’t know where it ranks.
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How 62314 ranks in Quincy, IL-MO
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