Real Estate Investing in Bridgeport, Illinois (62417)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62417 (Bridgeport, 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.
- Declining values: -0.2% 5-year CAGR — values have moved lower.
- Elevated vacancy: 9.6% 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 Bridgeport, IL (62417)?
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Market Analysis: 62417 Bridgeport
The 62417 ZIP covers a section of Bridgeport that demands careful diligence. Prices near $94K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 62417 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader IL picture, 62417 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 62417 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 62417 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 Bridgeport:
Market Trends
Home Value History (with trend line)
📊 How Does 62417 Compare?
| Metric | 62417 | Bridgeport | Illinois |
|---|---|---|---|
| Home Value | $93,976 | $93,976 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 7.1% | 7.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62417 (Bridgeport, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $93,976 |
| Monthly Rent | $855 |
| Price-to-Rent | 9.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.9% |
| Cap Rate | 7.1% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | -0.2% ▼ |
| 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 (7.1%). 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 62417
Population: 2,653
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 62417
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,429 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Bridgeport, IL?
The median home value in Bridgeport, IL is roughly $94K. That puts it reasonable relative to the IL statewide average.
Is IL a landlord-friendly state?
For rental operators, Bridgeport, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the investability score for Bridgeport, IL?
Bridgeport, IL scores 3.0/5 for investability. Home values sit at $94K and rents near $855/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What do rentals go for in Bridgeport, IL?
Expect rents around $855/mo per month in Bridgeport, IL. With home values at $94K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Bridgeport, IL?
Tenant quality in Bridgeport, IL ranks as solid. Landlords generally report steady occupancy at market rents of $855/mo.
You know 62417 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62417 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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