Real Estate Investing in Crossville, Illinois (62827)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62827 (Crossville, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: 0.0% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Crossville, IL (62827)?
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Market Analysis: 62827 Crossville
This part of White is not an easy win. The 62827 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $828/mo on a $104K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62827 sits below the stated 0.0% once reality is priced in.
Stepping back, 62827 offers a low basis, the region around Crossville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 62827 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 62827 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Crossville:
Market Trends
Home Value History (with trend line)
📊 How Does 62827 Compare?
| Metric | 62827 | Crossville | Illinois |
|---|---|---|---|
| Home Value | $104,384 | $104,384 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 6.2% | 6.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62827 (Crossville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $104,384 |
| Monthly Rent | $828 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +15.4% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | 0.0% ▼ |
| 10-Year CAGR | +1.0% ▲ |
🏠 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 (6.2%). 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 62827
Population: 1,159
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 smart move for investors in Crossville, IL?
The best-fit strategy in Crossville, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is it easy to find good tenants in Crossville, IL?
Crossville, IL draws a predictable 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 Crossville, IL?
Rental owners in Crossville, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can I house hack in Crossville, IL?
The a challenging house-hack environment in Crossville, IL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What do rentals go for in Crossville, IL?
Expect rents around $828/mo per month in Crossville, IL. With home values at $104K, the yield math works out to reasonable levels for rental investors.
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