Real Estate Investing in Noble, Illinois (62868)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62868 (Noble, 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.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Noble, IL (62868)?
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Market Analysis: 62868 Noble
From a cash-flow lens, ZIP 62868 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $136K median. It rewards specialists, not generalists.
On balance, the numbers look inviting — $136K purchase price, 0.0% nominal cap — the work to hit that pro forma in 62868 is substantial and deserves full respect.
In the broader IL picture, 62868 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 62868 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 62868 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Noble:
Market Trends
Home Value History (with trend line)
📊 How Does 62868 Compare?
| Metric | 62868 | Noble | Illinois |
|---|---|---|---|
| Home Value | $135,739 | $135,739 | $279,761 |
| 5-Year CAGR | 1.4% | 1.4% | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 4.8% | 4.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62868 (Noble, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $135,739 |
| Monthly Rent | $828 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | +1.6% ▲ |
🏠 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 (4.8%). 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 62868
Population: 1,577
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are renters plentiful in Noble, IL?
Noble, IL draws a predictable base of working renters. Demand at the $828/mo rent level is reasonable for standard single-family and small multi rentals.
Does house hacking make sense in Noble, IL?
House hacking works a challenging in Noble, IL. Rents of $828/mo against $136K acquisition make the strategy solid for owner-occupants.
Are homes affordable in Noble, IL?
Noble, IL median home values land near $136K. That is reasonable territory for investors looking at $828/mo-per-month rentals.
How strong are rents in Noble, IL?
The typical rental in Noble, IL commands about $828/mo monthly. That rent profile predictable cash flow against the $136K purchase basis.
How does Noble, IL stack up for property investment?
Noble, IL shows an investability rating of 3.0/5, with median home values near $136K and average rents around $828/mo. That combination puts it in the resilient tier for investor interest.
You know 62868 now. You don’t know where it ranks.
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