Real Estate Investing in Parkersburg, Illinois (62452)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62452 (Parkersburg, 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: 14.8% 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 Parkersburg, IL (62452)?
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Market Analysis: 62452 Parkersburg
Investors eyeing 62452 need to respect the fundamentals at play. Home values of $128K come alongside slower price movement and elevated management overhead.
For an experienced owner, 62452 can be a a credible choice for hunting ground — but the discount at $128K reflects genuine risk that outside investors often underestimate.
ZIP 62452's metrics run below Richland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 62452 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Parkersburg's stable or hybrid ZIPs before stepping into 62452. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Parkersburg:
Market Trends
Home Value History (with trend line)
📊 How Does 62452 Compare?
| Metric | 62452 | Parkersburg | Illinois |
|---|---|---|---|
| Home Value | $127,506 | $127,506 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.1% | 5.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62452 (Parkersburg, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $127,506 |
| Monthly Rent | $828 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 19.8% |
📈 Home Appreciation
| 1-Year | +14.8% ▲ |
| 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 (5.1%). 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 62452
Population: 292
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
Frequently Asked Questions
Is Parkersburg in IL worth investing in?
With a 2.0/5 investability score, Parkersburg, IL ranks as a solid market for rental property investors. Median prices of $128K and rents of $828/mo drive the underlying numbers.
What is the typical vacancy rate in Parkersburg, IL?
Parkersburg, IL carries elevated vacancy risk. Expect stable absorption at market rents of $828/mo.
Is rental property easy to operate in Parkersburg, IL?
Parkersburg, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How qualified is the tenant pool in Parkersburg, IL?
Tenant quality in Parkersburg, IL ranks as solid. Landlords generally report stable occupancy at market rents of $828/mo.
Where do rents currently stand in Parkersburg, IL?
Rents in Parkersburg, IL run near $828/mo. Compared with median home prices of $128K that produces solid gross yields for typical rentals.
You know 62452 now. You don’t know where it ranks.
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