Real Estate Investing in Mount Sterling, Illinois (62353)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62353 (Mount Sterling, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -1.2% 5-year CAGR — values have moved lower.
- Elevated vacancy: 10.1% 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 Mount Sterling, IL (62353)?
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Market Analysis: 62353 Mount Sterling
The 62353 ZIP in Mount Sterling, IL is a local-operator market. Outside capital chasing a $164K entry has to pair deep knowledge with the discount.
Turning to rents, the numbers look inviting — $164K purchase price, 0.0% nominal cap — the work to hit that pro forma in 62353 is substantial and deserves full respect.
Regionally, 62353 sits on the difficult end of the IL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Put differently, 5,012 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Mount Sterling's stable or hybrid ZIPs before stepping into 62353. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mount Sterling:
Market Trends
Home Value History (with trend line)
📊 How Does 62353 Compare?
| Metric | 62353 | Mount Sterling | Illinois |
|---|---|---|---|
| Home Value | $164,155 | $164,155 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 4.5% | 4.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62353 (Mount Sterling, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,155 |
| Monthly Rent | $945 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 3.3% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | -1.2% ▼ |
| 10-Year CAGR | +0.0% ▲ |
🏠 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 (4.5%). 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 62353
Population: 5,012
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 62353
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 is the smart move for investors in Mount Sterling, IL?
In Mount Sterling, IL the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $164K prices and $945/mo rents suits that approach.
How much rent can I charge in Mount Sterling, IL?
Mount Sterling, IL rentals go for roughly $945/mo a month. That puts gross yield in solid territory relative to $164K acquisition costs.
Do landlords face vacancy issues in Mount Sterling, IL?
Expect elevated vacancy in Mount Sterling, IL. Rents at $945/mo are absorbed by the tenant base without meaningful lag.
Can I live-in-and-rent in Mount Sterling, IL?
The house hack math a challenging in Mount Sterling, IL. Owner-occupant buyers benefit from the $945/mo rents and $164K home values.
What kind of tenants rent in Mount Sterling, IL?
Mount Sterling, IL offers a consistent renter base at the $945/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 62353 now. You don’t know where it ranks.
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