Real Estate Investing in Colchester, Illinois (62326)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62326 (Colchester, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Colchester, IL (62326)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62326 Colchester
This part of McDonough County is not an easy win. The 62326 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 62326 can be a worth a close look for hunting ground — but the discount at $101K reflects genuine risk that outside investors often underestimate.
Regionally, 62326 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 62326 includes headwinds that any investor should price in. Income distribution skews lower than Colchester averages, and tenant stability requires active management.
The right play in 62326 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 Colchester:
Property Strategy for 62326
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $59,933 | $960 | 11.5% | — | $29,966 |
| 3BR | $93,457 | $1,240 | 9.6% | — | $31,152 |
Market Trends
Home Value History (with trend line)
📊 How Does 62326 Compare?
| Metric | 62326 | Colchester | Macomb, IL | Illinois |
|---|---|---|---|---|
| Home Value | $101,196 | $101,196 | N/A | $279,761 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.6% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 6.7% | 6.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62326 (Colchester, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $101,196 |
| Monthly Rent | $864 |
| Price-to-Rent | 9.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.3% |
| Cap Rate | 6.7% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +14.1% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.7%). 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 62326
Population: 2,317
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 62326
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 572 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Colchester, IL?
The median home value in Colchester, IL is roughly $101K. That puts it reasonable relative to the IL statewide average.
What is the tenant pool like in Colchester, IL?
Expect a solid tenant pool in Colchester, IL. The rental market absorbs $864/mo rents without meaningful friction.
How much rent can I charge in Colchester, IL?
Colchester, IL rentals go for roughly $864/mo a month. That puts gross yield in solid territory relative to $101K acquisition costs.
What type of investing works in Colchester, IL?
A careful cash-flow rentals with hands-on management strategy Colchester, IL best. The market produces measured results for that approach at the $101K price point.
How does Colchester, IL stack up for property investment?
Yes - Colchester, IL a 3.0/5 investability score. With $101K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 62326 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62326 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 62326 ranks in Macomb, IL
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