Real Estate Investing in Loami, Illinois (62661)
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Should you buy in 62661 (Loami, 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 poverty: 21.1% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Loami, IL (62661)?
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Market Analysis: 62661 Loami
The 62661 ZIP covers a section of Loami that demands careful diligence. Prices near $212K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 62661 can be a a credible choice for hunting ground — but the discount at $212K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Loami have seen price recovery that 62661 has not matched. Sangamon County data supports the view that the spread is structural rather than temporary.
Employment concentration in 62661 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. significant returns are possible in 62661, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Loami:
Market Trends
Home Value History (with trend line)
📊 How Does 62661 Compare?
| Metric | 62661 | Loami | Springfield, IL | Illinois |
|---|---|---|---|---|
| Home Value | $211,616 | $211,616 | N/A | $279,761 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62661 (Loami, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,616 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +12.0% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (3.7%). 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 62661
Population: 1,360
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,796 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Loami, IL?
Rents in Loami, IL run near $1,008/mo. Compared with median home prices of $212K that produces solid gross yields for typical rentals.
Are landlord laws favorable in Loami, IL?
Loami, IL operates under IL law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What type of investing works in Loami, IL?
A careful cash-flow rentals with hands-on management strategy Loami, IL best. The market produces consistent results for that approach at the $212K price point.
Is Loami, IL good for house hacking?
House hacking in Loami, IL is a challenging. With home values around $212K and rents at $1,008/mo, owner-occupants can offset a meaningful share of PITI.
Should investors worry about vacancy in Loami, IL?
Loami, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
You know 62661 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62661 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 62661 ranks in Springfield, IL
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