Real Estate Investing in Rockport, Illinois (62370)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62370 (Rockport, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 36.9% 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 Rockport, IL (62370)?
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Market Analysis: 62370 Rockport
The 62370 ZIP in Rockport, IL is a local-operator market. Outside capital chasing a $120K entry has to pair deep knowledge with the discount.
Rent of $837/mo on a $120K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62370 sits below the stated 0.0% once reality is priced in.
Within IL, ZIP 62370 trails on several market indicators that neighboring Pike County submarkets outperform. The gap is real and solid enough to shape underwriting.
Who lives in 62370 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 62370 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Rockport:
Market Trends
Home Value History (with trend line)
📊 How Does 62370 Compare?
| Metric | 62370 | Rockport | Illinois |
|---|---|---|---|
| Home Value | $120,109 | $120,109 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 5.4% | 5.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62370 (Rockport, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $120,109 |
| Monthly Rent | $837 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.4% |
| 5-Year IRR | 30.8% |
📈 Home Appreciation
| 1-Year | +25.4% ▲ |
| 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 (5.4%). 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 62370
Population: 295
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
Can owner-occupants cash flow in Rockport, IL?
The a challenging house-hack environment in Rockport, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How strong is tenant demand in Rockport, IL?
Tenant demand in Rockport, IL is solid. The local workforce $837/mo rents across most rental classes.
Are rents high in Rockport, IL?
Investors in Rockport, IL typically see rents near $837/mo per month against $120K home values - a solid setup for rental cash flow.
Are landlord laws favorable in Rockport, IL?
IL law landlord-friendly for landlords, and Rockport inherits those rules. Investors should still review local ordinances for rental licensing.
What real estate strategy is ideal for Rockport, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Rockport, IL. With home values at $120K and rents near $837/mo, other strategies can work but produce reliable rather than outsized returns.
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