Real Estate Investing in Flora, Illinois (62839)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62839 (Flora, 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.
- Elevated vacancy: 9.0% 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 Flora, IL (62839)?
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Market Analysis: 62839 Flora
ZIP 62839 in Flora, IL carries a robust set of headwinds. Home values near $105K and rents of $828/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62839 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 62839's metrics run below Clay County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A solid renter share of 25% in 62839 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. impressive returns are possible in 62839, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Flora:
Market Trends
Home Value History (with trend line)
📊 How Does 62839 Compare?
| Metric | 62839 | Flora | Illinois |
|---|---|---|---|
| Home Value | $104,676 | $104,676 | $279,761 |
| 5-Year CAGR | 5.0% | 5.0% | 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 62839 (Flora, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $104,676 |
| 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 | 11.2% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (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 62839
Population: 6,215
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 62839
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
How much should I expect to pay for a home in Flora, IL?
The median home value in Flora, IL is roughly $105K. That puts it reasonable relative to the IL statewide average.
How strict are landlord regulations in Flora, IL?
IL law landlord-friendly for landlords, and Flora inherits those rules. Investors should still review local ordinances for rental licensing.
How do experienced investors play Flora, IL?
In Flora, IL the notable play is typically careful cash-flow rentals with hands-on management. The combination of $105K prices and $828/mo rents suits that approach.
Should investors worry about vacancy in Flora, IL?
Expect elevated vacancy in Flora, IL. Rents at $828/mo are absorbed by the tenant base without meaningful lag.
Is house hacking profitable in Flora, IL?
The house hack math a challenging in Flora, IL. Owner-occupant buyers benefit from the $828/mo rents and $105K home values.
You know 62839 now. You don’t know where it ranks.
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