Real Estate Investing in Meredosia, Illinois (62665)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62665 (Meredosia, 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: 24.9% 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 Meredosia, IL (62665)?
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Market Analysis: 62665 Meredosia
Investors scanning Meredosia, IL for forced-equity plays often land on the 62665 ZIP. A a viable market for entry near $71K pairs with rents of $828/mo to widen the renovation window.
Flippers and value-add operators have treated 62665 as a working ZIP for a reason. Entry prices around $71K and a deep rental base of 23% renters underpin the exit strategy on both the sale and rent sides.
Across IL, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 62665 registers both traits clearly.
Residents in 62665 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
ZIP 62665 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Meredosia:
Market Trends
Home Value History (with trend line)
📊 How Does 62665 Compare?
| Metric | 62665 | Meredosia | Jacksonville, IL | Illinois |
|---|---|---|---|---|
| Home Value | $70,620 | $70,620 | N/A | $279,761 |
| 5-Year CAGR | 2.2% | 2.2% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 9.2% | 9.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62665 (Meredosia, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $70,620 |
| Monthly Rent | $828 |
| Price-to-Rent | 7.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.1% |
| Cap Rate | 9.2% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +26.7% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +0.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.2%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62665
Population: 1,264
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 62665
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
How should investors approach Meredosia, IL?
The best-fit strategy in Meredosia, IL is value-add and BRRRR deals. That approach the rent and price profile of the market.
Does the BRRRR strategy work in Meredosia, IL?
BRRRR viability in Meredosia, IL is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
Is the 1% rule achievable in Meredosia, IL?
With rents of $828/mo on $71K homes, Meredosia, IL close to the 1% rule for most properties. The actual rent-to-price ratio is 1.17%.
Does a duplex house hack pencil in Meredosia, IL?
Meredosia, IL is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $71K price point reasonable to enter.
Are homes affordable in Meredosia, IL?
In Meredosia, IL the median home value sits at $71K. Against the broader IL market, that reads as reasonable for most investors.
You know 62665 now. You don’t know where it ranks.
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How 62665 ranks in Jacksonville, IL
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