Real Estate Investing in Havana, Illinois (62644)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62644 (Havana, 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: 15.6% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.1% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Havana, IL (62644)?
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Market Analysis: 62644 Havana
This part of Mason County is not an easy win. The 62644 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 62644 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 62644 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 62644 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 62644 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 Havana:
Market Trends
Home Value History (with trend line)
📊 How Does 62644 Compare?
| Metric | 62644 | Havana | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $91,946 | $91,946 | N/A | $279,761 |
| 5-Year CAGR | 1.1% | 1.1% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 7.0% | 7.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62644 (Havana, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $91,946 |
| Monthly Rent | $828 |
| Price-to-Rent | 9.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.8% |
| Cap Rate | 7.0% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +1.1% ▲ |
| 10-Year CAGR | +0.4% ▲ |
🏠 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 (7.0%). 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 62644
Population: 4,657
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 62644
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
How much rent can I charge in Havana, IL?
Investors in Havana, IL typically see rents near $828/mo per month against $92K home values - a solid setup for rental cash flow.
Are landlord laws favorable in Havana, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Havana generally follows the statewide framework, so landlords face reasonable operating rules.
What type of investing works in Havana, IL?
Havana, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($92K prices, $828/mo rents) make it a reasonable choice.
What does house hacking look like in Havana, IL?
Havana, IL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $92K price point reasonable to enter.
What kind of vacancy should I budget for in Havana, IL?
Havana, IL carries elevated vacancy risk. Expect reliable absorption at market rents of $828/mo.
You know 62644 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62644 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 62644 ranks in Peoria, IL
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