Real Estate Investing in Shobonier, Illinois (62885)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62885 (Shobonier, IL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 14.1% of homes vacant — above national norms.
• 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 Shobonier, IL (62885)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62885 Shobonier
ZIP 62885 inside Fayette County looks affordable on the surface — median value of $184K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 62885 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 62885's metrics run below Fayette County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 62885 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 62885 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 Shobonier:
Market Trends
Home Value History (with trend line)
📊 How Does 62885 Compare?
| Metric | 62885 | Shobonier | Illinois |
|---|---|---|---|
| Home Value | $184,232 | $184,232 | $279,761 |
| 5-Year CAGR | N/A | N/A | 6.6% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62885 (Shobonier, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,232 |
| Monthly Rent | $828 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 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 (3.5%). 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 62885
Population: 458
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
What are home prices like in Shobonier, IL?
Median home price in Shobonier, IL is near $184K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What monthly rent should investors expect in Shobonier, IL?
Rental rates in Shobonier, IL average $828/mo. Tenant demand and $184K home values make the yield look reasonable by investor standards.
How viable is house hacking in Shobonier, IL?
House hacking in Shobonier, IL is a challenging. With home values around $184K and rents at $828/mo, owner-occupants can offset a meaningful share of PITI.
How do landlord-tenant laws work in Shobonier, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Shobonier generally follows the statewide framework, so landlords face reasonable operating rules.
Is it easy to find good tenants in Shobonier, IL?
Tenant demand in Shobonier, IL is solid. The local workforce $828/mo rents across most rental classes.
You know 62885 now. You don’t know where it ranks.
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