Real Estate Investing in Pleasant Hill, Illinois (62366)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62366 (Pleasant Hill, 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: 32.5% 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 Pleasant Hill, IL (62366)?
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Market Analysis: 62366 Pleasant Hill
Investors eyeing 62366 need to respect the fundamentals at play. Home values of $104K come alongside slower price movement and elevated management overhead.
Rent of $891/mo on a $104K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62366 sits below the stated 0.0% once reality is priced in.
Within IL, ZIP 62366 trails on several market indicators that neighboring Pike County submarkets outperform. The gap is real and robust enough to shape underwriting.
Demographically, 62366 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.
New investors are better served looking at Pleasant Hill's stable or hybrid ZIPs before stepping into 62366. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Pleasant Hill:
Property Strategy for 62366
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $68,944 | $990 | 10.3% | — | $34,472 |
| 3BR | $112,557 | $1,270 | 8.1% | — | $37,519 |
Market Trends
Home Value History (with trend line)
📊 How Does 62366 Compare?
| Metric | 62366 | Pleasant Hill | Illinois |
|---|---|---|---|
| Home Value | $103,795 | $103,795 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 6.7% | 6.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62366 (Pleasant Hill, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $103,795 |
| Monthly Rent | $891 |
| Price-to-Rent | 9.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.3% |
| Cap Rate | 6.7% |
| 5-Year IRR | 19.9% |
📈 Home Appreciation
| 1-Year | +13.2% ▲ |
| 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%) is close to the estimated cap rate (6.7%). 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 62366
Population: 1,514
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 62366
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 kind of market is Pleasant Hill, IL for investors?
Investors tracking Pleasant Hill, IL will find a 3.0/5 rating supported by $104K median home values and $891/mo rents. That profile suits long-term holders targeting steady returns.
How much rent can I charge in Pleasant Hill, IL?
Pleasant Hill, IL rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $104K acquisition costs.
Which real estate strategy fits Pleasant Hill, IL?
The best-fit strategy in Pleasant Hill, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Pleasant Hill, IL a friendly market for rental owners?
Pleasant Hill, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How quickly do rentals get leased in Pleasant Hill, IL?
Vacancy risk in Pleasant Hill, IL is elevated. That supports measured cash flow for typical rental holds.
You know 62366 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62366 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.
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Community Ratings
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