Real Estate Investing in Herrin, Illinois (62948)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62948 (Herrin, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
What’s happening in Herrin, IL (62948)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62948 Herrin
ZIP 62948 inside Williamson County looks affordable on the surface — median value of $114K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $938/mo on a $114K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62948 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Herrin have seen price recovery that 62948 has not matched. Williamson County data supports the view that the spread is structural rather than temporary.
Demographically, 62948 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 62948 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Herrin:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62948 Compare?
| Metric | 62948 | Herrin | Carbondale-Marion, IL | Illinois |
|---|---|---|---|---|
| Home Value | $113,670 | $113,670 | N/A | $279,761 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 6.6% |
| Avg Rent | $938 | $938 | N/A | - |
| Cap Rate | 6.4% | 6.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62948 (Herrin, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 62948 (Herrin, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $113,670 |
| Monthly Rent | $938 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.4% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62948
Population: 12,728
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 62948
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 974 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Herrin, IL stack up for property investment?
Yes - Herrin, IL a 3.0/5 investability score. With $114K home prices against $938/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much do tenants pay in Herrin, IL?
Expect rents around $938/mo per month in Herrin, IL. With home values at $114K, the yield math works out to reasonable levels for rental investors.
Is the tenant base reliable in Herrin, IL?
Tenant demand in Herrin, IL is solid. The local workforce $938/mo rents across most rental classes.
Do landlords face vacancy issues in Herrin, IL?
Expect elevated vacancy in Herrin, IL. Rents at $938/mo are absorbed by the tenant base without meaningful lag.
Is Herrin, IL a friendly market for rental owners?
For rental operators, Herrin, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 62948 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62948 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.
How 62948 ranks in Carbondale-Marion, IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 62948 (Herrin)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 62948 (Herrin, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.