Real Estate Investing in Dallas City, Illinois (62330)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62330 (Dallas City, 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: 18.9% 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 Dallas City, IL (62330)?
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Market Analysis: 62330 Dallas City
Not every below-median market is a bargain. Dallas City's 62330 ZIP sits at signals that favor experienced operators who can absorb the risk $101K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62330 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
From a cash-flow lens, 62330 offers a low basis, the region around Dallas City has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 62330 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 62330 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 Dallas City:
Market Trends
Home Value History (with trend line)
📊 How Does 62330 Compare?
| Metric | 62330 | Dallas City | Illinois |
|---|---|---|---|
| Home Value | $101,090 | $101,090 | $279,761 |
| 5-Year CAGR | 5.1% | 5.1% | 6.6% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 7.2% | 7.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62330 (Dallas City, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $101,090 |
| Monthly Rent | $936 |
| Price-to-Rent | 9.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.1% |
| Cap Rate | 7.2% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +13.1% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 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 (7.2%). 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 62330
Population: 1,548
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 62330
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
Is housing expensive in Dallas City, IL?
In Dallas City, IL the median home value sits at $101K. Against the broader IL market, that reads as reasonable for most investors.
What is the renter demographic in Dallas City, IL?
The tenant pool in Dallas City, IL is solid, supported by local employment and population fundamentals. Rents of $936/mo are well-absorbed by the market.
Is Dallas City, IL a good market for buy-and-hold investors?
With a 3.0/5 investability score, Dallas City, IL ranks as a solid market for rental property investors. Median prices of $101K and rents of $936/mo drive the underlying numbers.
Is Dallas City, IL a friendly market for rental owners?
The landlord environment in Dallas City, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How quickly do rentals get leased in Dallas City, IL?
Dallas City, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 62330 now. You don’t know where it ranks.
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How 62330 ranks in Fort Madison-Keokuk, IA-IL-MO
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