Real Estate Investing in Jacksonville, Illinois (62650)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62650 (Jacksonville, 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.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
What’s happening in Jacksonville, IL (62650)?
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Market Analysis: 62650 Jacksonville
ZIP 62650 in Jacksonville, IL carries a healthy set of headwinds. Home values near $145K and rents of $888/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62650 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within IL, ZIP 62650 trails on several market indicators that neighboring Morgan County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
The demographic picture in 62650 includes headwinds that any investor should price in. Income distribution skews lower than Jacksonville averages, and tenant stability requires active management.
Strategically, 62650 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 Jacksonville:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62650 Compare?
| Metric | 62650 | Jacksonville | Jacksonville, IL | Illinois |
|---|---|---|---|---|
| Home Value | $144,847 | $144,847 | N/A | $279,761 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.6% |
| Avg Rent | $888 | $888 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62650 (Jacksonville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $144,847 |
| Monthly Rent | $888 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 62650
Population: 24,318
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 62650
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 kind of market is Jacksonville, IL for investors?
Our data puts Jacksonville, IL at 3.0/5 for investability. Home prices of $145K and rents around $888/mo create a solid backdrop for investor activity.
How strong is tenant demand in Jacksonville, IL?
Working renters make up the core of the Jacksonville, IL tenant base. The pool is reasonable for investors targeting long-term holds.
How much do tenants pay in Jacksonville, IL?
Expect rents around $888/mo per month in Jacksonville, IL. With home values at $145K, the yield math works out to reasonable levels for rental investors.
What is the rental occupancy rate in Jacksonville, IL?
Occupancy in Jacksonville, IL runs stable with elevated vacancy. Well-priced units at $888/mo lease on reasonable timelines.
Does house hacking work in Jacksonville, IL?
House hacking works a challenging in Jacksonville, IL. Rents of $888/mo against $145K acquisition make the strategy solid for owner-occupants.
You know 62650 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62650 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 62650 ranks in Jacksonville, IL
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