Real Estate Investing in Mount Erie, Illinois (62446)
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Should you buy in 62446 (Mount Erie, 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.
No major risk flags on the data we track.
• 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 Mount Erie, IL (62446)?
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Market Analysis: 62446 Mount Erie
The 62446 ZIP covers a section of Mount Erie that demands careful diligence. Prices near $171K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 62446 can be a a solid fit for hunting ground — but the discount at $171K reflects genuine risk that outside investors often underestimate.
In the broader IL picture, 62446 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 62446 ZIP's population of 337 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Distressed ZIPs reward experience. substantial returns are possible in 62446, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Mount Erie:
Market Trends
Home Value History (with trend line)
📊 How Does 62446 Compare?
| Metric | 62446 | Mount Erie | Illinois |
|---|---|---|---|
| Home Value | $171,150 | $171,150 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62446 (Mount Erie, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $171,150 |
| Monthly Rent | $891 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 15.4% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 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 (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 62446
Population: 337
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 62446
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is real estate in Mount Erie, IL a good investment right now?
Mount Erie, IL scores 2.0/5 for investability. Home values sit at $171K and rents near $891/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Do landlords face vacancy issues in Mount Erie, IL?
Rental vacancy in Mount Erie, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Is Mount Erie, IL a good market for FHA house hackers?
Mount Erie, IL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $171K price point reasonable to enter.
What is the median home value in Mount Erie, IL?
Expect median prices around $171K in Mount Erie, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
What do rentals go for in Mount Erie, IL?
Average rent in Mount Erie, IL is approximately $891/mo per month. Against $171K home values that yields a reasonable rent-to-price ratio.
You know 62446 now. You don’t know where it ranks.
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