Real Estate Investing in Olney, Illinois (62450)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62450 (Olney, 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.
- Elevated vacancy: 11.4% 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 Olney, IL (62450)?
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Market Analysis: 62450 Olney
The 62450 ZIP covers a section of Olney that demands careful diligence. Prices near $140K look accessible, but the work to make a deal cash flow is real.
The investment case in 62450 is robust only for operators who understand what they are buying. A $140K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IL, ZIP 62450 trails on several market indicators that neighboring Richland County submarkets outperform. The gap is real and notable enough to shape underwriting.
Employment concentration in 62450 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. significant returns are possible in 62450, 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 Olney:
Market Trends
Home Value History (with trend line)
📊 How Does 62450 Compare?
| Metric | 62450 | Olney | Illinois |
|---|---|---|---|
| Home Value | $140,471 | $140,471 | $279,761 |
| 5-Year CAGR | 4.0% | 4.0% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 4.6% | 4.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62450 (Olney, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $140,471 |
| Monthly Rent | $828 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (4.6%). 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 62450
Population: 12,406
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 62450
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
Should investors consider Olney, IL?
With a 3.0/5 investability score, Olney, IL ranks as a solid market for rental property investors. Median prices of $140K and rents of $828/mo drive the underlying numbers.
What investment strategy works best in Olney, IL?
In Olney, IL the notable play is typically careful cash-flow rentals with hands-on management. The combination of $140K prices and $828/mo rents suits that approach.
What is the average monthly rent in Olney, IL?
Rent in Olney, IL is around $828/mo. The resulting rent-to-value relationship with $140K pricing is reasonable for most investor models.
Is Olney, IL good for landlords?
For rental operators, Olney, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the median home value in Olney, IL?
Expect median prices around $140K in Olney, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
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