Real Estate Investing in Liberty, Illinois (62347)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62347 (Liberty, 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.
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 Liberty, IL (62347)?
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Market Analysis: 62347 Liberty
ZIP 62347 inside Adams County looks affordable on the surface — median value of $255K — but the discount exists for reasons that a careful buyer should understand before committing.
Meanwhile, the numbers look inviting — $255K purchase price, 0.0% nominal cap — the work to hit that pro forma in 62347 is substantial and deserves full respect.
In the broader IL picture, 62347 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A healthy renter share of 14% in 62347 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 62347 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Liberty:
Market Trends
Home Value History (with trend line)
📊 How Does 62347 Compare?
| Metric | 62347 | Liberty | Quincy, IL-MO | Illinois |
|---|---|---|---|---|
| Home Value | $255,173 | $255,173 | N/A | $279,761 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.6% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 62347 (Liberty, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,173 |
| Monthly Rent | $909 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +26.6% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (2.8%). 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 62347
Population: 2,172
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 62347
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 837 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Liberty, IL a smart market for rental property?
With a 3.0/5 investability score, Liberty, IL ranks as a solid market for rental property investors. Median prices of $255K and rents of $909/mo drive the underlying numbers.
How quickly do rentals get leased in Liberty, IL?
Vacancy risk in Liberty, IL is elevated. That supports stable cash flow for typical rental holds.
What price range are homes in Liberty, IL?
Median home price in Liberty, IL is near $255K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
How viable is house hacking in Liberty, IL?
House hacking in Liberty, IL is a challenging. With home values around $255K and rents at $909/mo, owner-occupants can offset a meaningful share of PITI.
Which investment style suits Liberty, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Liberty, IL. With home values at $255K and rents near $909/mo, other strategies can work but produce predictable rather than outsized returns.
You know 62347 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62347 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 62347 ranks in Quincy, IL-MO
Every ZIP in this metro, ranked. Free.
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