Real Estate Investing in Shumway, Illinois (62461)
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Should you buy in 62461 (Shumway, 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 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.
• 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 Shumway, IL (62461)?
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Market Analysis: 62461 Shumway
Investors eyeing 62461 need to respect the fundamentals at play. Home values of $227K come alongside slower price movement and elevated management overhead.
Rent of $846/mo on a $227K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62461 sits below the stated 0.0% once reality is priced in.
Regionally, 62461 sits on the difficult end of the IL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 62461 ZIP's population of 630 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The right play in 62461 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Shumway:
Market Trends
Home Value History (with trend line)
📊 How Does 62461 Compare?
| Metric | 62461 | Shumway | Effingham, IL | Illinois |
|---|---|---|---|---|
| Home Value | $226,600 | $226,600 | N/A | $279,761 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.6% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62461 (Shumway, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,600 |
| Monthly Rent | $846 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 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 (2.9%). 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 62461
Population: 630
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
What is the renter demographic in Shumway, IL?
Shumway, IL offers a predictable renter base at the $846/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Shumway, IL a good market for FHA house hackers?
Shumway, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
How much does a house cost in Shumway, IL?
Homes in Shumway, IL typically sell near $227K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How much rent can I charge in Shumway, IL?
Rents in Shumway, IL run near $846/mo. Compared with median home prices of $227K that produces solid gross yields for typical rentals.
Is vacancy a concern in Shumway, IL?
Expect elevated vacancy in Shumway, IL. Rents at $846/mo are absorbed by the tenant base without meaningful lag.
You know 62461 now. You don’t know where it ranks.
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How 62461 ranks in Effingham, IL
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