Real Estate Investing in Sigel, Illinois (62462)
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Should you buy in 62462 (Sigel, 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.
• 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 Sigel, IL (62462)?
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Market Analysis: 62462 Sigel
This part of Cumberland County is not an easy win. The 62462 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 62462 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader IL picture, 62462 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Turning to rents, 968 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Sigel's stable or hybrid ZIPs before stepping into 62462. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Sigel:
Market Trends
Home Value History (with trend line)
📊 How Does 62462 Compare?
| Metric | 62462 | Sigel | Charleston-Mattoon, IL | Illinois |
|---|---|---|---|---|
| Home Value | $230,922 | $230,922 | N/A | $279,761 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62462 (Sigel, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,922 |
| Monthly Rent | $828 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.8%). 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 62462
Population: 968
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,808 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Sigel, IL for real estate investors?
Sigel, IL scores 3.0/5 for investability. Home values sit at $231K and rents near $828/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much is rent in Sigel, IL?
Rents in Sigel, IL run near $828/mo. Compared with median home prices of $231K that produces solid gross yields for typical rentals.
Is housing expensive in Sigel, IL?
Sigel, IL home values average about $231K. That price point suits investors targeting rentals with $828/mo in monthly income.
How strong is tenant demand in Sigel, IL?
Sigel, IL draws a even-keeled base of working renters. Demand at the $828/mo rent level is reasonable for standard single-family and small multi rentals.
How tight is the rental market in Sigel, IL?
Vacancy risk in Sigel, IL is elevated. That supports reliable cash flow for typical rental holds.
You know 62462 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62462 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 62462 ranks in Charleston-Mattoon, IL
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