Real Estate Investing in Beardstown, Illinois (62618)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62618 (Beardstown, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Beardstown, IL (62618)?
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Market Analysis: 62618 Beardstown
Not every below-median market is a bargain. Beardstown's 62618 ZIP stands at signals that favor experienced operators who can absorb the risk $93K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $93K asset, 62618 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 62618 and stronger Beardstown ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Looking more closely, 7,391 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.
The 62618 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Beardstown:
Property Strategy for 62618
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $85,215 | $1,300 | 11.0% | +5.8% | $28,405 |
| 4BR | $135,611 | $1,580 | 8.4% | +5.5% | $33,903 |
Market Trends
Home Value History (with trend line)
📊 How Does 62618 Compare?
| Metric | 62618 | Beardstown | Illinois |
|---|---|---|---|
| Home Value | $93,315 | $93,315 | $279,761 |
| 5-Year CAGR | 4.9% | 4.9% | 6.6% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 7.1% | 7.1% | - |
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 62618 (Beardstown, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $93,315 |
| Monthly Rent | $846 |
| Price-to-Rent | 9.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.9% |
| Cap Rate | 7.1% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.1%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62618
Population: 7,391
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 62618
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.
Frequently Asked Questions
What are home prices like in Beardstown, IL?
The median home value in Beardstown, IL is roughly $93K. That puts it reasonable relative to the IL statewide average.
Are landlord laws favorable in Beardstown, IL?
Beardstown, IL operates under IL law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What is the average monthly rent in Beardstown, IL?
Rent in Beardstown, IL is around $846/mo. The resulting rent-to-value relationship with $93K pricing is reasonable for most investor models.
Is Beardstown, IL a good market for FHA house hackers?
Beardstown, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
How do experienced investors play Beardstown, IL?
The best-fit strategy in Beardstown, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 62618 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62618 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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Community Ratings
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