Real Estate Investing in Pleasant Plains, Illinois (62677)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62677 (Pleasant Plains, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pleasant Plains, IL (62677)?
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Market Analysis: 62677 Pleasant Plains
The 62677 ZIP covers a section of Pleasant Plains that demands careful diligence. Prices near $259K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 62677 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 62677's metrics run below Sangamon County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 62677 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. notable returns are possible in 62677, 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 Pleasant Plains:
Market Trends
Home Value History (with trend line)
📊 How Does 62677 Compare?
| Metric | 62677 | Pleasant Plains | Springfield, IL | Illinois |
|---|---|---|---|---|
| Home Value | $259,437 | $259,437 | N/A | $279,761 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 6.6% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62677 (Pleasant Plains, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $259,437 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.1%). 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 62677
Population: 2,153
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 62677
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 is the typical home price in Pleasant Plains, IL?
In Pleasant Plains, IL the median home value sits at $259K. Against the broader IL market, that reads as reasonable for most investors.
What is the typical rental rate in Pleasant Plains, IL?
The typical rental in Pleasant Plains, IL commands about $1,044/mo monthly. That rent profile even-keeled cash flow against the $259K purchase basis.
What is the typical renter like in Pleasant Plains, IL?
Pleasant Plains, IL offers a predictable renter base at the $1,044/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does house hacking work in Pleasant Plains, IL?
House hacking in Pleasant Plains, IL is reasonable to execute. Prices around $259K and rents of $1,044/mo solid owner-occupant economics.
What is the smart move for investors in Pleasant Plains, IL?
Most investors in Pleasant Plains, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 62677 now. You don’t know where it ranks.
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How 62677 ranks in Springfield, IL
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