Real Estate Investing in Clayton, Illinois (62324)
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Should you buy in 62324 (Clayton, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.8% 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 Clayton, IL (62324)?
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Market Analysis: 62324 Clayton
ZIP 62324 in Clayton, IL carries a robust set of headwinds. Home values near $183K and rents of $963/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62324 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Clayton have seen price recovery that 62324 has not matched. Adams data supports the view that the spread is structural rather than temporary.
Stepping back, 1,393 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.
Strategically, 62324 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Clayton:
Market Trends
Home Value History (with trend line)
📊 How Does 62324 Compare?
| Metric | 62324 | Clayton | Illinois |
|---|---|---|---|
| Home Value | $183,313 | $183,313 | $279,761 |
| 5-Year CAGR | 4.9% | 4.9% | 6.6% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62324 (Clayton, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $183,313 |
| Monthly Rent | $963 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +22.5% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 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 (4.1%). 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 62324
Population: 1,393
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 Clayton, IL?
In Clayton, IL the median home value sits at $183K. Against the broader IL market, that reads as reasonable for most investors.
How strong is tenant demand in Clayton, IL?
Clayton, IL draws a even-keeled base of working renters. Demand at the $963/mo rent level is reasonable for standard single-family and small multi rentals.
How much rent can I charge in Clayton, IL?
Clayton, IL rentals go for roughly $963/mo a month. That puts gross yield in solid territory relative to $183K acquisition costs.
How does Clayton, IL rate as a rental market?
Clayton, IL scores 3.0/5 for investability. Home values sit at $183K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Clayton, IL a friendly market for rental owners?
Clayton, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 62324 now. You don’t know where it ranks.
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