Real Estate Investing in Jewett, Illinois (62436)
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Should you buy in 62436 (Jewett, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 25.3% poverty rate — can affect rent collection.
- Higher unemployment: 9.5% unemployment — tenant risk signal.
• 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 Jewett, IL (62436)?
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Market Analysis: 62436 Jewett
ZIP 62436 inside Cumberland County looks affordable on the surface — median value of $196K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 62436 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Jewett have seen price recovery that 62436 has not matched. Cumberland County data supports the view that the spread is structural rather than temporary.
Employment concentration in 62436 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 62436 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Jewett:
Market Trends
Home Value History (with trend line)
📊 How Does 62436 Compare?
| Metric | 62436 | Jewett | Charleston-Mattoon, IL | Illinois |
|---|---|---|---|---|
| Home Value | $196,419 | $196,419 | N/A | $279,761 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.6% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62436 (Jewett, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,419 |
| Monthly Rent | $846 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +19.6% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.4%). 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 62436
Population: 889
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
Frequently Asked Questions
What approach is best for Jewett, IL real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Jewett, IL. The numbers - $196K homes against $846/mo rents - support that play.
Are eviction rules reasonable in Jewett, IL?
For rental operators, Jewett, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the renter demographic in Jewett, IL?
Tenant quality in Jewett, IL ranks as solid. Landlords generally report stable occupancy at market rents of $846/mo.
Does house hacking make sense in Jewett, IL?
House hacking works a challenging in Jewett, IL. Rents of $846/mo against $196K acquisition make the strategy solid for owner-occupants.
What monthly rent should investors expect in Jewett, IL?
Rental rates in Jewett, IL average $846/mo. Tenant demand and $196K home values make the yield look reasonable by investor standards.
You know 62436 now. You don’t know where it ranks.
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How 62436 ranks in Charleston-Mattoon, IL
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