Real Estate Investing in Pittsfield, Illinois (62363)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62363 (Pittsfield, 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: 16.6% 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 Pittsfield, IL (62363)?
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Market Analysis: 62363 Pittsfield
Investors eyeing 62363 need to respect the fundamentals at play. Home values of $147K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 62363 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IL, ZIP 62363 trails on several market indicators that neighboring Pike County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Resident income in 62363 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Pittsfield's stable or hybrid ZIPs before stepping into 62363. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Pittsfield:
Property Strategy for 62363
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $101,640 | $970 | 6.9% | — | $50,820 |
| 3BR | $147,644 | $1,180 | 5.8% | — | $49,215 |
| 4BR | $214,612 | $1,450 | 4.9% | — | $53,653 |
Market Trends
Home Value History (with trend line)
📊 How Does 62363 Compare?
| Metric | 62363 | Pittsfield | Illinois |
|---|---|---|---|
| Home Value | $146,828 | $146,828 | $279,761 |
| 5-Year CAGR | 7.6% | 7.6% | 6.6% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 4.6% | 4.6% | - |
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 62363 (Pittsfield, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,828 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +12.8% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 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 (4.6%). 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 62363
Population: 5,487
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 62363
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 Pittsfield, IL good for house hacking?
House hacking in Pittsfield, IL is reasonable to execute. Prices around $147K and rents of $873/mo solid owner-occupant economics.
What kind of market is Pittsfield, IL for investors?
The 3.0/5 investability rating in Pittsfield, IL reflects its $147K prices and $873/mo rents. Investors generally consider it a solid option within IL.
How qualified is the tenant pool in Pittsfield, IL?
Pittsfield, IL offers a stable renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are rents high in Pittsfield, IL?
The typical rental in Pittsfield, IL commands about $873/mo monthly. That rent profile even-keeled cash flow against the $147K purchase basis.
How landlord-friendly is Pittsfield, IL?
For rental operators, Pittsfield, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 62363 now. You don’t know where it ranks.
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Community Ratings
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