Real Estate Investing in Louisville, Illinois (62858)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62858 (Louisville, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Louisville, IL (62858)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62858 Louisville
The 62858 ZIP in Louisville, IL is a local-operator market. Outside capital chasing a $129K entry has to pair deep knowledge with the discount.
The 62858 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 62858 among IL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 62858 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 62858 is an operator game, not a passive one. From an investor standpoint, entry prices of $129K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Louisville:
Market Trends
Home Value History (with trend line)
📊 How Does 62858 Compare?
| Metric | 62858 | Louisville | Illinois |
|---|---|---|---|
| Home Value | $128,972 | $128,972 | $279,761 |
| 5-Year CAGR | 5.0% | 5.0% | 6.6% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 5.9% | 5.9% | - |
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 62858 (Louisville, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 62858 (Louisville, IL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $128,972 |
| Monthly Rent | $981 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +18.8% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 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 (5.9%). 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 62858
Population: 3,385
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 62858
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 price range are homes in Louisville, IL?
Median home price in Louisville, IL is near $129K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
How quickly do rentals get leased in Louisville, IL?
Louisville, IL carries elevated vacancy risk. Expect measured absorption at market rents of $981/mo.
How does Louisville, IL rate as a rental market?
Louisville, IL scores 3.0/5 for investability. Home values sit at $129K and rents near $981/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How landlord-friendly is Louisville, IL?
Landlord-friendliness in Louisville, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the tenant pool like in Louisville, IL?
Expect a solid tenant pool in Louisville, IL. The rental market absorbs $981/mo rents without meaningful friction.
You know 62858 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62858 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.
AI Market Advisor
Ask questions about investing in 62858 (Louisville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 62858 (Louisville, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.