Real Estate Investing in Claremont, Illinois (62421)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62421 (Claremont, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 32.4% 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 Claremont, IL (62421)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62421 Claremont
Put differently, ZIP 62421 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $190K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $190K asset, 62421 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 62421'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.
The demographic picture in 62421 includes headwinds that any investor should price in. Income distribution skews lower than Claremont averages, and tenant stability requires active management.
tilts toward 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 Claremont:
Market Trends
Home Value History (with trend line)
📊 How Does 62421 Compare?
| Metric | 62421 | Claremont | Illinois |
|---|---|---|---|
| Home Value | $189,551 | $189,551 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62421 (Claremont, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 62421 (Claremont, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $189,551 |
| Monthly Rent | $882 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 22.7% |
📈 Home Appreciation
| 1-Year | +19.1% ▲ |
| 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 (3.6%). 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 62421
Population: 406
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
How tight is the rental market in Claremont, IL?
Claremont, IL carries elevated vacancy risk. Expect measured absorption at market rents of $882/mo.
What monthly rent should investors expect in Claremont, IL?
Rental rates in Claremont, IL average $882/mo. Tenant demand and $190K home values make the yield look reasonable by investor standards.
Does a duplex house hack pencil in Claremont, IL?
The a challenging house-hack environment in Claremont, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are homes affordable in Claremont, IL?
Claremont, IL home values average about $190K. That price point suits investors targeting rentals with $882/mo in monthly income.
What real estate strategy is ideal for Claremont, IL?
For Claremont, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 62421 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62421 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.
AI Market Advisor
Ask questions about investing in 62421 (Claremont)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 62421 (Claremont, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.