Real Estate Investing in Oakford, Illinois (62673)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62673 (Oakford, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.9% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oakford, IL (62673)?
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Market Analysis: 62673 Oakford
Not every below-median market is a bargain. Oakford's 62673 ZIP shows signals that favor experienced operators who can absorb the risk $156K pricing implies.
Rent of $918/mo on a $156K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62673 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Oakford have seen price recovery that 62673 has not matched. Menard County data supports the view that the spread is structural rather than temporary.
Who lives in 62673 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 62673 is an operator game, not a passive one. In practical terms, entry prices of $156K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Oakford:
Market Trends
Home Value History (with trend line)
📊 How Does 62673 Compare?
| Metric | 62673 | Oakford | Springfield, IL | Illinois |
|---|---|---|---|---|
| Home Value | $155,730 | $155,730 | N/A | $279,761 |
| 5-Year CAGR | 2.3% | 2.3% | N/A | 6.6% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62673 (Oakford, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $155,730 |
| Monthly Rent | $918 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +13.9% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.6%). 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 62673
Population: 505
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
Frequently Asked Questions
Where do home prices stand in Oakford, IL?
Oakford, IL median home values land near $156K. That is reasonable territory for investors looking at $918/mo-per-month rentals.
How do landlord-tenant laws work in Oakford, IL?
IL law landlord-friendly for landlords, and Oakford inherits those rules. Investors should still review local ordinances for rental licensing.
Is Oakford, IL a good market for buy-and-hold investors?
Our data puts Oakford, IL at 3.0/5 for investability. Home prices of $156K and rents around $918/mo create a solid backdrop for investor activity.
Does a duplex house hack pencil in Oakford, IL?
For house hackers, Oakford, IL is a challenging. The $918/mo rent on a unit helps defray the mortgage on a $156K property.
Is it easy to find good tenants in Oakford, IL?
The renter base in Oakford, IL is reasonable for the $918/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 62673 now. You don’t know where it ranks.
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How 62673 ranks in Springfield, IL
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