Real Estate Investing in Montrose, Illinois (62445)
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Should you buy in 62445 (Montrose, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Montrose, IL (62445)?
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Market Analysis: 62445 Montrose
This part of Jasper County is not an easy win. The 62445 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 62445 can be a a credible choice for hunting ground — but the discount at $197K reflects genuine risk that outside investors often underestimate.
The gap between 62445 and stronger Montrose ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 62445 includes headwinds that any investor should price in. Income distribution skews lower than Montrose averages, and tenant stability requires active management.
New investors are better served looking at Montrose's stable or hybrid ZIPs before stepping into 62445. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Montrose:
Market Trends
Home Value History (with trend line)
📊 How Does 62445 Compare?
| Metric | 62445 | Montrose | Charleston-Mattoon, IL | Illinois |
|---|---|---|---|---|
| Home Value | $196,788 | $196,788 | N/A | $279,761 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62445 (Montrose, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,788 |
| Monthly Rent | $828 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.3%). 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 62445
Population: 1,044
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
How much do tenants pay in Montrose, IL?
Expect rents around $828/mo per month in Montrose, IL. With home values at $197K, the yield math works out to reasonable levels for rental investors.
Is Montrose, IL a friendly market for rental owners?
For rental operators, Montrose, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What kind of market is Montrose, IL for investors?
Investors tracking Montrose, IL will find a 3.0/5 rating supported by $197K median home values and $828/mo rents. That profile suits long-term holders targeting steady returns.
Is vacancy a concern in Montrose, IL?
Rental vacancy in Montrose, IL is elevated. Investors should budget normal turnover but not chronic empty units.
How do experienced investors play Montrose, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Montrose, IL. The numbers - $197K homes against $828/mo rents - support that play.
You know 62445 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62445 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.
How 62445 ranks in Charleston-Mattoon, IL
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