Real Estate Investing in Mason City, Illinois (62664)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62664 (Mason City, 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: 9.3% 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 Mason City, IL (62664)?
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Market Analysis: 62664 Mason City
The 62664 ZIP in Mason City, IL is a local-operator market. Outside capital chasing a $117K entry has to pair deep knowledge with the discount.
From a cash-flow lens, the numbers look inviting — $117K purchase price, 0.0% nominal cap — the work to hit that pro forma in 62664 is substantial and deserves full respect.
On balance, 62664 offers a low basis, the region around Mason City has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 62664 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 62664 is an operator game, not a passive one. Put differently, entry prices of $117K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Mason City:
Market Trends
Home Value History (with trend line)
📊 How Does 62664 Compare?
| Metric | 62664 | Mason City | Illinois |
|---|---|---|---|
| Home Value | $116,924 | $116,924 | $279,761 |
| 5-Year CAGR | 3.0% | 3.0% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.5% | 5.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62664 (Mason City, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $116,924 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +16.0% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +1.8% ▲ |
🏠 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 (5.5%). 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 62664
Population: 2,848
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 62664
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 does house hacking look like in Mason City, IL?
For house hackers, Mason City, IL is a challenging. The $828/mo rent on a unit helps defray the mortgage on a $117K property.
Is Mason City, IL a friendly market for rental owners?
For rental operators, Mason City, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is tenant demand in Mason City, IL?
Mason City, IL draws a even-keeled base of working renters. Demand at the $828/mo rent level is reasonable for standard single-family and small multi rentals.
What monthly rent should investors expect in Mason City, IL?
Average rent in Mason City, IL is approximately $828/mo per month. Against $117K home values that yields a reasonable rent-to-price ratio.
How much should I expect to pay for a home in Mason City, IL?
Typical homes in Mason City, IL go for around $117K. The 5-year CAGR of 0.0% consistent price movement.
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