Real Estate Investing in Saint Elmo, Illinois (62458)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62458 (Saint Elmo, 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.
- High vacancy: 14.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Saint Elmo, IL (62458)?
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Market Analysis: 62458 Saint Elmo
ZIP 62458 inside Fayette County looks affordable on the surface — median value of $132K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 62458 can be a a solid fit for hunting ground — but the discount at $132K reflects genuine risk that outside investors often underestimate.
In the broader IL picture, 62458 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A substantial renter share of 11% in 62458 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Saint Elmo:
Market Trends
Home Value History (with trend line)
📊 How Does 62458 Compare?
| Metric | 62458 | Saint Elmo | Illinois |
|---|---|---|---|
| Home Value | $132,061 | $132,061 | $279,761 |
| 5-Year CAGR | 4.7% | 4.7% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62458 (Saint Elmo, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $132,061 |
| Monthly Rent | $828 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +1.6% ▲ |
🏠 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 (4.9%). 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 62458
Population: 2,189
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 62458
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
How strong is Saint Elmo, IL for real estate investors?
Yes - Saint Elmo, IL a 3.0/5 investability score. With $132K home prices against $828/mo monthly rent, the market delivers a reasonable entry point for new investors.
Where do rents currently stand in Saint Elmo, IL?
Rents in Saint Elmo, IL run near $828/mo. Compared with median home prices of $132K that produces solid gross yields for typical rentals.
What type of investing works in Saint Elmo, IL?
For Saint Elmo, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical vacancy rate in Saint Elmo, IL?
Saint Elmo, IL carries elevated vacancy risk. Expect consistent absorption at market rents of $828/mo.
Are renters plentiful in Saint Elmo, IL?
Tenant demand in Saint Elmo, IL is solid. The local workforce $828/mo rents across most rental classes.
You know 62458 now. You don’t know where it ranks.
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