Real Estate Investing in Centralia, Illinois (62801)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62801 (Centralia, 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: 15.1% 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 Centralia, IL (62801)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62801 Centralia
ZIP 62801 in Centralia, IL carries a impressive set of headwinds. Home values near $106K and rents of $891/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $106K asset, 62801 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IL picture, 62801 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 62801 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 62801 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 Centralia:
Property Strategy for 62801
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $74,346 | $990 | 9.6% | +5.7% | $37,173 |
| 3BR | $125,891 | $1,270 | 7.3% | +6.6% | $41,964 |
| 4BR | $172,347 | $1,490 | 6.2% | +7.7% | $43,087 |
Market Trends
Home Value History (with trend line)
📊 How Does 62801 Compare?
| Metric | 62801 | Centralia | Centralia, IL | Illinois |
|---|---|---|---|---|
| Home Value | $106,257 | $106,257 | N/A | $279,761 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 6.5% | 6.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62801 (Centralia, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $106,257 |
| Monthly Rent | $891 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.5% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +13.9% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +3.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62801
Population: 19,941
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 62801
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
Investor Insight: With 506 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the rental occupancy rate in Centralia, IL?
Centralia, IL carries elevated vacancy risk. Expect measured absorption at market rents of $891/mo.
What is the tenant pool like in Centralia, IL?
Tenant quality in Centralia, IL ranks as solid. Landlords generally report predictable occupancy at market rents of $891/mo.
Is Centralia, IL better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Centralia, IL. With home values at $106K and rents near $891/mo, other strategies can work but produce measured rather than outsized returns.
Are landlord laws favorable in Centralia, IL?
IL law landlord-friendly for landlords, and Centralia inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical rental rate in Centralia, IL?
Rents in Centralia, IL run near $891/mo. Compared with median home prices of $106K that produces solid gross yields for typical rentals.
You know 62801 now. You don’t know where it ranks.
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How 62801 ranks in Centralia, IL
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