Real Estate Investing in Winchester, Illinois (62694)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62694 (Winchester, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.1% of homes vacant — above national norms.
- Declining values: -5.3% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Winchester, IL (62694)?
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Market Analysis: 62694 Winchester
The 62694 ZIP covers a section of Winchester that demands careful diligence. Prices near $110K look accessible, but the work to make a deal cash flow is real.
The 62694 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Winchester have seen price recovery that 62694 has not matched. Scott County data supports the view that the spread is structural rather than temporary.
The demographic picture in 62694 includes headwinds that any investor should price in. Income distribution skews lower than Winchester averages, and tenant stability requires active management.
Strategically, 62694 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Winchester:
Market Trends
Home Value History (with trend line)
📊 How Does 62694 Compare?
| Metric | 62694 | Winchester | Jacksonville, IL | Illinois |
|---|---|---|---|---|
| Home Value | $110,141 | $110,141 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 5.9% | 5.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62694 (Winchester, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $110,141 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.9% |
| 5-Year IRR | 0.5% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | -5.3% ▼ |
| 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 (5.9%). 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 62694
Population: 2,944
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 62694
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 price range are homes in Winchester, IL?
The median home value in Winchester, IL is roughly $110K. That puts it reasonable relative to the IL statewide average.
Is Winchester, IL better for rentals, flips, or BRRRR?
For Winchester, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are there empty rentals in Winchester, IL?
Winchester, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
Is IL a landlord-friendly state?
Landlord-friendliness in Winchester, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the renter demographic in Winchester, IL?
Tenant quality in Winchester, IL ranks as solid. Landlords generally report predictable occupancy at market rents of $828/mo.
You know 62694 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62694 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 62694 ranks in Jacksonville, IL
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