Real Estate Investing in Concord, Illinois (62631)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62631 (Concord, 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: 18.0% 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 Concord, IL (62631)?
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Market Analysis: 62631 Concord
This part of Morgan County is not an easy win. The 62631 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 62631 is durable only for operators who understand what they are buying. A $129K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader IL picture, 62631 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 62631 ZIP's population of 239 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The right play in 62631 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Concord:
Market Trends
Home Value History (with trend line)
📊 How Does 62631 Compare?
| Metric | 62631 | Concord | Jacksonville, IL | Illinois |
|---|---|---|---|---|
| Home Value | $128,641 | $128,641 | N/A | $279,761 |
| 5-Year CAGR | N/A | N/A | N/A | 6.6% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 5.7% | 5.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62631 (Concord, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $128,641 |
| Monthly Rent | $945 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 13.5% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 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 (5.7%). 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 62631
Population: 239
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 62631
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
Should investors consider Concord, IL?
With a 2.0/5 investability score, Concord, IL ranks as a solid market for rental property investors. Median prices of $129K and rents of $945/mo drive the underlying numbers.
What type of investing works in Concord, IL?
A careful cash-flow rentals with hands-on management strategy Concord, IL best. The market produces consistent results for that approach at the $129K price point.
Should investors worry about vacancy in Concord, IL?
Vacancy in Concord, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $945/mo.
Are tenants stable in Concord, IL?
Concord, IL draws a stable base of working renters. Demand at the $945/mo rent level is reasonable for standard single-family and small multi rentals.
What monthly rent should investors expect in Concord, IL?
Rental rates in Concord, IL average $945/mo. Tenant demand and $129K home values make the yield look reasonable by investor standards.
You know 62631 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62631 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.
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