Real Estate Investing in Saint Peter, Illinois (62880)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62880 (Saint Peter, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Saint Peter, IL (62880)?
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Market Analysis: 62880 Saint Peter
This part of Fayette County is not an easy win. The 62880 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $828/mo on a $170K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62880 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Saint Peter have seen price recovery that 62880 has not matched. Fayette County data supports the view that the spread is structural rather than temporary.
A significant renter share of 11% in 62880 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Saint Peter's stable or hybrid ZIPs before stepping into 62880. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Saint Peter:
Market Trends
Home Value History (with trend line)
📊 How Does 62880 Compare?
| Metric | 62880 | Saint Peter | Illinois |
|---|---|---|---|
| Home Value | $170,334 | $170,334 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62880 (Saint Peter, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,334 |
| Monthly Rent | $828 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | N/A |
| 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 (3.8%). 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 62880
Population: 613
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
Frequently Asked Questions
Is it easy to find good tenants in Saint Peter, IL?
Tenant demand in Saint Peter, IL is solid. The local workforce $828/mo rents across most rental classes.
Should investors worry about vacancy in Saint Peter, IL?
Vacancy in Saint Peter, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $828/mo.
What is the average home sale price in Saint Peter, IL?
Expect median prices around $170K in Saint Peter, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Are landlord laws favorable in Saint Peter, IL?
Saint Peter, IL operates under IL law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
Does house hacking make sense in Saint Peter, IL?
House hacking in Saint Peter, IL is reasonable to execute. Prices around $170K and rents of $828/mo solid owner-occupant economics.
You know 62880 now. You don’t know where it ranks.
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