Real Estate Investing in Nebo, Illinois (62355)
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Should you buy in 62355 (Nebo, 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.
- High vacancy: 30.9% of homes vacant — above national norms.
• 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 Nebo, IL (62355)?
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Market Analysis: 62355 Nebo
ZIP 62355 in Nebo, IL carries a notable set of headwinds. Home values near $147K and rents of $1,134/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 62355 can be a a credible choice for hunting ground — but the discount at $147K reflects genuine risk that outside investors often underestimate.
ZIP 62355's metrics run below Pike County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A robust renter share of 5% in 62355 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. sturdy returns are possible in 62355, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Nebo:
Market Trends
Home Value History (with trend line)
📊 How Does 62355 Compare?
| Metric | 62355 | Nebo | St. Louis, MO-IL | Illinois |
|---|---|---|---|---|
| Home Value | $146,591 | $146,591 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 6.0% | 6.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62355 (Nebo, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,591 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 10.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.0% |
| 5-Year IRR | 24.9% |
📈 Home Appreciation
| 1-Year | +18.8% ▲ |
| 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 (6.0%). 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 62355
Population: 947
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
How much does a house cost in Nebo, IL?
Homes in Nebo, IL typically sell near $147K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is IL a landlord-friendly state?
The landlord environment in Nebo, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What approach is best for Nebo, IL real estate?
The best-fit strategy in Nebo, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How strong is Nebo, IL for real estate investors?
Nebo, IL rates 3.0/5 for investability. With median values at $147K and rents near $1,134/mo, the market offers reasonable fundamentals for rental investors.
What do landlords charge for rent in Nebo, IL?
Rent in Nebo, IL is around $1,134/mo. The resulting rent-to-value relationship with $147K pricing is reasonable for most investor models.
You know 62355 now. You don’t know where it ranks.
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How 62355 ranks in St. Louis, MO-IL
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