Real Estate Investing in Alma, Illinois (62807)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62807 (Alma, 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.
- High vacancy: 21.7% 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 Alma, IL (62807)?
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Market Analysis: 62807 Alma
On the rental side, ZIP 62807 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $140K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $140K asset, 62807 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 62807 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 62807 includes headwinds that any investor should price in. Income distribution skews lower than Alma averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 62807 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 Alma:
Market Trends
Home Value History (with trend line)
📊 How Does 62807 Compare?
| Metric | 62807 | Alma | Centralia, IL | Illinois |
|---|---|---|---|---|
| Home Value | $140,277 | $140,277 | N/A | $279,761 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.6% |
| Avg Rent | $828 | $828 | 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 62807 (Alma, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $140,277 |
| Monthly Rent | $828 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +15.7% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 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 62807
Population: 816
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
What is the average monthly rent in Alma, IL?
Rent in Alma, IL is around $828/mo. The resulting rent-to-value relationship with $140K pricing is reasonable for most investor models.
Are tenants stable in Alma, IL?
Alma, IL draws a measured base of working renters. Demand at the $828/mo rent level is reasonable for standard single-family and small multi rentals.
How do landlord-tenant laws work in Alma, IL?
IL law landlord-friendly for landlords, and Alma inherits those rules. Investors should still review local ordinances for rental licensing.
What does house hacking look like in Alma, IL?
For house hackers, Alma, IL is a challenging. The $828/mo rent on a unit helps defray the mortgage on a $140K property.
How much should I expect to pay for a home in Alma, IL?
Typical homes in Alma, IL go for around $140K. The 5-year CAGR of 0.0% consistent price movement.
You know 62807 now. You don’t know where it ranks.
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How 62807 ranks in Centralia, IL
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