Real Estate Investing in Warrensburg, Illinois (62573)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62573 (Warrensburg, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.7% 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 Warrensburg, IL (62573)?
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Market Analysis: 62573 Warrensburg
ZIP 62573 inside Macon County looks affordable on the surface — median value of $172K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 62573 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 62573's metrics run below Macon County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 62573 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 62573 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Warrensburg:
Market Trends
Home Value History (with trend line)
📊 How Does 62573 Compare?
| Metric | 62573 | Warrensburg | Decatur, IL | Illinois |
|---|---|---|---|---|
| Home Value | $172,082 | $172,082 | N/A | $279,761 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.6% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62573 (Warrensburg, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $172,082 |
| Monthly Rent | $855 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +15.7% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (3.9%). 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 62573
Population: 1,154
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 62573
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
What does house hacking look like in Warrensburg, IL?
For house hackers, Warrensburg, IL is a challenging. The $855/mo rent on a unit helps defray the mortgage on a $172K property.
How qualified is the tenant pool in Warrensburg, IL?
Expect a solid tenant pool in Warrensburg, IL. The rental market absorbs $855/mo rents without meaningful friction.
How expensive is real estate in Warrensburg, IL?
The median home value in Warrensburg, IL is roughly $172K. That puts it reasonable relative to the IL statewide average.
How strict are landlord regulations in Warrensburg, IL?
Warrensburg, IL operates under IL law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What do landlords charge for rent in Warrensburg, IL?
Expect rents around $855/mo per month in Warrensburg, IL. With home values at $172K, the yield math works out to reasonable levels for rental investors.
You know 62573 now. You don’t know where it ranks.
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How 62573 ranks in Decatur, IL
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