Real Estate Investing in Ursa, Illinois (62376)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62376 (Ursa, 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.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ursa, IL (62376)?
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Market Analysis: 62376 Ursa
Meanwhile, ZIP 62376 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $199K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $199K purchase price, 0.0% nominal cap — the work to hit that pro forma in 62376 is substantial and deserves full respect.
In the broader IL picture, 62376 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A healthy renter share of 17% in 62376 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Ursa:
Market Trends
Home Value History (with trend line)
📊 How Does 62376 Compare?
| Metric | 62376 | Ursa | Quincy, IL-MO | Illinois |
|---|---|---|---|---|
| Home Value | $198,670 | $198,670 | N/A | $279,761 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.6% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62376 (Ursa, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,670 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +18.9% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 (4.0%). 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 62376
Population: 1,073
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
🎓 Nearby Colleges & Universities
Investor Insight: With 837 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Ursa, IL?
The 3.0/5 investability rating in Ursa, IL reflects its $199K prices and $1,008/mo rents. Investors generally consider it a solid option within IL.
What do rentals go for in Ursa, IL?
Average rent in Ursa, IL is approximately $1,008/mo per month. Against $199K home values that yields a reasonable rent-to-price ratio.
How should investors approach Ursa, IL?
In Ursa, IL the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $199K prices and $1,008/mo rents suits that approach.
What is the rental occupancy rate in Ursa, IL?
Ursa, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does Ursa, IL favor landlords or tenants?
Ursa, IL operates under IL law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
You know 62376 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62376 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.
How 62376 ranks in Quincy, IL-MO
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