Real Estate Investing in Virginia, Illinois (62691)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62691 (Virginia, 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: 11.5% 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 Virginia, IL (62691)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62691 Virginia
From a cash-flow lens, ZIP 62691 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $114K median. It rewards specialists, not generalists.
The investment case in 62691 is impressive only for operators who understand what they are buying. A $114K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 62691's metrics run below Cass County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 62691 includes headwinds that any investor should price in. Income distribution skews lower than Virginia averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 62691 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 Virginia:
Property Strategy for 62691
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $72,624 | $920 | 9.1% | — | $36,312 |
| 3BR | $125,695 | $1,260 | 7.2% | +6.0% | $41,898 |
| 4BR | $160,422 | $1,540 | 6.9% | +5.8% | $40,105 |
Market Trends
Home Value History (with trend line)
📊 How Does 62691 Compare?
| Metric | 62691 | Virginia | Illinois |
|---|---|---|---|
| Home Value | $113,554 | $113,554 | $279,761 |
| 5-Year CAGR | 4.3% | 4.3% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.7% | 5.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62691 (Virginia, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $113,554 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (5.7%). 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 62691
Population: 2,377
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 62691
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 are vacancy rates like in Virginia, IL?
Vacancy in Virginia, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $828/mo.
What monthly rent should investors expect in Virginia, IL?
Rental rates in Virginia, IL average $828/mo. Tenant demand and $114K home values make the yield look reasonable by investor standards.
What is the average home sale price in Virginia, IL?
Expect median prices around $114K in Virginia, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How do landlord-tenant laws work in Virginia, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Virginia generally follows the statewide framework, so landlords face reasonable operating rules.
Is Virginia, IL a good place for real estate investing?
Yes - Virginia, IL a 3.0/5 investability score. With $114K home prices against $828/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 62691 now. You don’t know where it ranks.
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