Real Estate Investing in Odin, Illinois (62870)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62870 (Odin, 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.
- High vacancy: 13.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Odin, IL (62870)?
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Market Analysis: 62870 Odin
Not every below-median market is a bargain. Odin's 62870 ZIP clocks in at signals that favor experienced operators who can absorb the risk $125K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $125K asset, 62870 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 62870 sits on the difficult end of the IL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 62870 includes headwinds that any investor should price in. Income distribution skews lower than Odin averages, and tenant stability requires active management.
The 62870 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Odin:
Market Trends
Home Value History (with trend line)
📊 How Does 62870 Compare?
| Metric | 62870 | Odin | Centralia, IL | Illinois |
|---|---|---|---|---|
| Home Value | $124,819 | $124,819 | N/A | $279,761 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 5.6% | 5.6% | - | - |
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 62870 (Odin, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $124,819 |
| Monthly Rent | $891 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +24.1% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.6%). 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 62870
Population: 2,260
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 62870
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 506 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Odin, IL a good place for real estate investing?
Odin, IL rates 3.0/5 for investability. With median values at $125K and rents near $891/mo, the market offers reasonable fundamentals for rental investors.
How strong are rents in Odin, IL?
Odin, IL rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $125K acquisition costs.
Should investors worry about vacancy in Odin, IL?
Expect elevated vacancy in Odin, IL. Rents at $891/mo are absorbed by the tenant base without meaningful lag.
How strict are landlord regulations in Odin, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Odin generally follows the statewide framework, so landlords face reasonable operating rules.
What real estate strategy is ideal for Odin, IL?
A careful cash-flow rentals with hands-on management strategy Odin, IL best. The market produces reliable results for that approach at the $125K price point.
You know 62870 now. You don’t know where it ranks.
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How 62870 ranks in Centralia, IL
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