Real Estate Investing in Martinsville, Illinois (62442)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62442 (Martinsville, 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: -0.1% 5-year CAGR — values have moved lower.
- Elevated vacancy: 11.6% 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 Martinsville, IL (62442)?
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Market Analysis: 62442 Martinsville
The 62442 ZIP in Martinsville, IL is a local-operator market. Outside capital chasing a $123K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 62442 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 62442 and stronger Martinsville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Turning to rents, 2,629 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 62442 is an operator game, not a passive one. From an investor standpoint, entry prices of $123K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Martinsville:
Market Trends
Home Value History (with trend line)
📊 How Does 62442 Compare?
| Metric | 62442 | Martinsville | Illinois |
|---|---|---|---|
| Home Value | $122,569 | $122,569 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 5.9% | 5.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62442 (Martinsville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $122,569 |
| Monthly Rent | $927 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +13.5% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | -0.1% ▼ |
| 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 (5.9%). 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 62442
Population: 2,629
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 62442
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.
Frequently Asked Questions
Should investors consider Martinsville, IL?
The 3.0/5 investability rating in Martinsville, IL reflects its $123K prices and $927/mo rents. Investors generally consider it a solid option within IL.
How high is vacancy risk in Martinsville, IL?
Vacancy risk in Martinsville, IL is elevated. That supports steady cash flow for typical rental holds.
How qualified is the tenant pool in Martinsville, IL?
The tenant pool in Martinsville, IL is solid, supported by local employment and population fundamentals. Rents of $927/mo are well-absorbed by the market.
Are homes affordable in Martinsville, IL?
Martinsville, IL median home values land near $123K. That is reasonable territory for investors looking at $927/mo-per-month rentals.
How much do tenants pay in Martinsville, IL?
Rent in Martinsville, IL is around $927/mo. The resulting rent-to-value relationship with $123K pricing is reasonable for most investor models.
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