Real Estate Investing in Iuka, Illinois (62849)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62849 (Iuka, 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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.9% 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 Iuka, IL (62849)?
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Market Analysis: 62849 Iuka
Turning to rents, ZIP 62849 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $190K median. It rewards specialists, not generalists.
The 62849 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader IL picture, 62849 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
On balance, 1,904 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Iuka:
Market Trends
Home Value History (with trend line)
📊 How Does 62849 Compare?
| Metric | 62849 | Iuka | Centralia, IL | Illinois |
|---|---|---|---|---|
| Home Value | $190,085 | $190,085 | N/A | $279,761 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62849 (Iuka, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $190,085 |
| Monthly Rent | $828 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +17.7% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.4%). 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 62849
Population: 1,904
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 62849
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
Which real estate strategy fits Iuka, IL?
The best-fit strategy in Iuka, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are homes affordable in Iuka, IL?
Iuka, IL home values average about $190K. That price point suits investors targeting rentals with $828/mo in monthly income.
Is real estate in Iuka, IL a good investment right now?
Iuka, IL scores 3.0/5 for investability. Home values sit at $190K and rents near $828/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are renters plentiful in Iuka, IL?
Iuka, IL draws a stable base of working renters. Demand at the $828/mo rent level is reasonable for standard single-family and small multi rentals.
How much is rent in Iuka, IL?
Rents in Iuka, IL run near $828/mo. Compared with median home prices of $190K that produces solid gross yields for typical rentals.
You know 62849 now. You don’t know where it ranks.
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How 62849 ranks in Centralia, IL
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