Real Estate Investing in Alexander, Illinois (62601)
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Should you buy in 62601 (Alexander, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.0% of homes vacant — above national norms.
• 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 Alexander, IL (62601)?
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Market Analysis: 62601 Alexander
Not every below-median market is a bargain. Alexander's 62601 ZIP posts signals that favor experienced operators who can absorb the risk $165K pricing implies.
The investment case in 62601 is significant only for operators who understand what they are buying. A $165K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 62601 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 62601 ZIP's population of 337 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategy in 62601 is an operator game, not a passive one. Put differently, entry prices of $165K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Alexander:
Market Trends
Home Value History (with trend line)
📊 How Does 62601 Compare?
| Metric | 62601 | Alexander | Jacksonville, IL | Illinois |
|---|---|---|---|---|
| Home Value | $164,546 | $164,546 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62601 (Alexander, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,546 |
| Monthly Rent | $945 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 19.6% |
📈 Home Appreciation
| 1-Year | +15.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (4.5%). 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 62601
Population: 337
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
Frequently Asked Questions
Is housing expensive in Alexander, IL?
Alexander, IL median home values land near $165K. That is reasonable territory for investors looking at $945/mo-per-month rentals.
What is the renter demographic in Alexander, IL?
Tenant quality in Alexander, IL ranks as solid. Landlords generally report even-keeled occupancy at market rents of $945/mo.
How viable is house hacking in Alexander, IL?
The house hack math a challenging in Alexander, IL. Owner-occupant buyers benefit from the $945/mo rents and $165K home values.
What do landlords charge for rent in Alexander, IL?
Rent in Alexander, IL is around $945/mo. The resulting rent-to-value relationship with $165K pricing is reasonable for most investor models.
How quickly do rentals get leased in Alexander, IL?
Alexander, IL carries elevated vacancy risk. Expect consistent absorption at market rents of $945/mo.
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