Real Estate Investing in Ashland, Illinois (62612)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62612 (Ashland, 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.
- High vacancy: 16.8% 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 Ashland, IL (62612)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62612 Ashland
The 62612 ZIP covers a section of Ashland that demands careful diligence. Prices near $138K look accessible, but the work to make a deal cash flow is real.
Rent of $981/mo on a $138K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62612 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 62612 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Looking more closely, 1,490 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.
Strategically, 62612 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 Ashland:
Property Strategy for 62612
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $79,620 | $1,090 | 9.9% | — | $39,810 |
| 3BR | $126,467 | $1,460 | 8.3% | — | $42,156 |
| 4BR | $180,370 | $1,820 | 7.3% | — | $45,092 |
Market Trends
Home Value History (with trend line)
📊 How Does 62612 Compare?
| Metric | 62612 | Ashland | Jacksonville, IL | Illinois |
|---|---|---|---|---|
| Home Value | $138,253 | $138,253 | N/A | $279,761 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 6.6% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62612 (Ashland, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 62612 (Ashland, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $138,253 |
| Monthly Rent | $981 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (5.5%). 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 62612
Population: 1,490
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 62612
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
Do landlords face vacancy issues in Ashland, IL?
Expect elevated vacancy in Ashland, IL. Rents at $981/mo are absorbed by the tenant base without meaningful lag.
What is the smart move for investors in Ashland, IL?
Most investors in Ashland, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Where do rents currently stand in Ashland, IL?
Investors in Ashland, IL typically see rents near $981/mo per month against $138K home values - a solid setup for rental cash flow.
Is Ashland, IL good for house hacking?
House hacking in Ashland, IL is a challenging. With home values around $138K and rents at $981/mo, owner-occupants can offset a meaningful share of PITI.
Does Ashland, IL make sense for an investment property?
The 3.0/5 investability rating in Ashland, IL reflects its $138K prices and $981/mo rents. Investors generally consider it a solid option within IL.
You know 62612 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62612 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 62612 ranks in Jacksonville, IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 62612 (Ashland)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 62612 (Ashland, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.