Real Estate Investing in Murrayville, Illinois (62668)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62668 (Murrayville, 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.
- High vacancy: 20.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Murrayville, IL (62668)?
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Market Analysis: 62668 Murrayville
On the rental side, ZIP 62668 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $143K median. It rewards specialists, not generalists.
Rent of $828/mo on a $143K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62668 sits below the stated 0.0% once reality is priced in.
The gap between 62668 and stronger Murrayville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 62668 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 62668 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Murrayville:
Market Trends
Home Value History (with trend line)
📊 How Does 62668 Compare?
| Metric | 62668 | Murrayville | Jacksonville, IL | Illinois |
|---|---|---|---|---|
| Home Value | $142,923 | $142,923 | N/A | $279,761 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62668 (Murrayville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $142,923 |
| Monthly Rent | $828 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +12.3% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +3.0% ▲ |
🏠 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 (4.5%). 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 62668
Population: 1,273
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 62668
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 are vacancy rates like in Murrayville, IL?
Murrayville, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
What price range are homes in Murrayville, IL?
The median home value in Murrayville, IL is roughly $143K. That puts it reasonable relative to the IL statewide average.
Is Murrayville, IL a good place for real estate investing?
Murrayville, IL reports an investability rating of 3.0/5, with median home values near $143K and average rents around $828/mo. That combination puts it in the durable tier for investor interest.
How do landlord-tenant laws work in Murrayville, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Murrayville generally follows the statewide framework, so landlords face reasonable operating rules.
What do landlords charge for rent in Murrayville, IL?
Rent in Murrayville, IL is around $828/mo. The resulting rent-to-value relationship with $143K pricing is reasonable for most investor models.
You know 62668 now. You don’t know where it ranks.
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