Real Estate Investing in Flat Rock, Illinois (62427)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62427 (Flat Rock, 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.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Flat Rock, IL (62427)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62427 Flat Rock
This part of Crawford is not an easy win. The 62427 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $891/mo on a $169K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62427 sits below the stated 0.0% once reality is priced in.
The gap between 62427 and stronger Flat Rock ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 62427 includes headwinds that any investor should price in. Income distribution skews lower than Flat Rock averages, and tenant stability requires active management.
New investors are better served looking at Flat Rock's stable or hybrid ZIPs before stepping into 62427. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Flat Rock:
Market Trends
Home Value History (with trend line)
📊 How Does 62427 Compare?
| Metric | 62427 | Flat Rock | Illinois |
|---|---|---|---|
| Home Value | $169,457 | $169,457 | $279,761 |
| 5-Year CAGR | 1.4% | 1.4% | 6.6% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 62427 (Flat Rock, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 62427 (Flat Rock, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $169,457 |
| Monthly Rent | $891 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +1.4% ▲ |
| 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 (4.1%). 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 62427
Population: 1,905
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 3,503 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does a duplex house hack pencil in Flat Rock, IL?
For house hackers, Flat Rock, IL is a challenging. The $891/mo rent on a unit helps defray the mortgage on a $169K property.
How do landlord-tenant laws work in Flat Rock, IL?
IL law landlord-friendly for landlords, and Flat Rock inherits those rules. Investors should still review local ordinances for rental licensing.
What is the rental occupancy rate in Flat Rock, IL?
Flat Rock, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How much rent can I charge in Flat Rock, IL?
Flat Rock, IL rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $169K acquisition costs.
What kind of tenants rent in Flat Rock, IL?
Flat Rock, IL offers a measured renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 62427 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62427 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 62427 (Flat Rock)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 62427 (Flat Rock, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.