Real Estate Investing in Du Quoin, Illinois (62832)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62832 (Du Quoin, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.2% 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 Du Quoin, IL (62832)?
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Market Analysis: 62832 Du Quoin
Investors eyeing 62832 need to respect the fundamentals at play. Home values of $112K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62832 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 62832 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A impressive renter share of 30% in 62832 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Du Quoin's stable or hybrid ZIPs before stepping into 62832. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Du Quoin:
Market Trends
Home Value History (with trend line)
📊 How Does 62832 Compare?
| Metric | 62832 | Du Quoin | Illinois |
|---|---|---|---|
| Home Value | $111,688 | $111,688 | $279,761 |
| 5-Year CAGR | 2.7% | 2.7% | 6.6% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 6.0% | 6.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62832 (Du Quoin, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $111,688 |
| Monthly Rent | $855 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +1.4% ▲ |
🏠 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 (6.0%). 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 62832
Population: 8,903
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 62832
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
Is real estate in Du Quoin, IL a good investment right now?
Du Quoin, IL rates 3.0/5 for investability. With median values at $112K and rents near $855/mo, the market offers reasonable fundamentals for rental investors.
What investment strategy works best in Du Quoin, IL?
In Du Quoin, IL the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $112K prices and $855/mo rents suits that approach.
What is the renter demographic in Du Quoin, IL?
Tenant quality in Du Quoin, IL ranks as solid. Landlords generally report predictable occupancy at market rents of $855/mo.
Is Du Quoin, IL good for landlords?
Du Quoin, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much do tenants pay in Du Quoin, IL?
Expect rents around $855/mo per month in Du Quoin, IL. With home values at $112K, the yield math works out to reasonable levels for rental investors.
You know 62832 now. You don’t know where it ranks.
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