Real Estate Investing in Albion, Illinois (62806)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62806 (Albion, 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: -0.3% 5-year CAGR — values have moved lower.
- Elevated vacancy: 9.8% 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 Albion, IL (62806)?
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Market Analysis: 62806 Albion
The 62806 ZIP in Albion, IL is a local-operator market. Outside capital chasing a $143K entry has to pair deep knowledge with the discount.
From a cash-flow lens, the numbers look inviting — $143K purchase price, 0.0% nominal cap — the work to hit that pro forma in 62806 is substantial and deserves full respect.
On balance, 62806 offers a low basis, the region around Albion has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 62806 ZIP's population of 3,438 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategy in 62806 is an operator game, not a passive one. From an investor standpoint, entry prices of $143K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Albion:
Market Trends
Home Value History (with trend line)
📊 How Does 62806 Compare?
| Metric | 62806 | Albion | Illinois |
|---|---|---|---|
| Home Value | $143,119 | $143,119 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $846 | $846 | - |
| 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 62806 (Albion, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $143,119 |
| Monthly Rent | $846 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | -0.3% ▼ |
| 10-Year CAGR | +0.7% ▲ |
🏠 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 62806
Population: 3,438
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 62806
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 is the median home value in Albion, IL?
Typical homes in Albion, IL go for around $143K. The 5-year CAGR of 0.0% stable price movement.
What is it like being a landlord in Albion, IL?
IL law landlord-friendly for landlords, and Albion inherits those rules. Investors should still review local ordinances for rental licensing.
Does a duplex house hack pencil in Albion, IL?
For house hackers, Albion, IL is a challenging. The $846/mo rent on a unit helps defray the mortgage on a $143K property.
Where do rents currently stand in Albion, IL?
Investors in Albion, IL typically see rents near $846/mo per month against $143K home values - a solid setup for rental cash flow.
Is Albion, IL a smart market for rental property?
With a 3.0/5 investability score, Albion, IL ranks as a solid market for rental property investors. Median prices of $143K and rents of $846/mo drive the underlying numbers.
You know 62806 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62806 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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